1:5-25 Phil, a cash-basis taxpayer, sells the following markerable securities, which are capital assets during 2018. Determine whether the gains or losses are long-term or short-term . Also deter mine the net capital gain and adjusted net capital gain for 2018 . Capital Trade Sales Asset Date Acquired 2018 10, 2017 20,000 Dee. May 2 17, 000 30,000 Apr. 9, 201 Dec, 10 37, 400 8asis \$40,000 Aug. 12