16-29 Capital Gains and Losses. L, a single individual, earned salaries and wages of $64,000 and interest of $3,000 and dividends of $3,700 for the current year. In addition, L sold the following capital assets: 10 shares LMN common stock, held ten months..... $1,400 gain 1990 Dodge sedan, used four years for personal purposes... 2,600 loss 10 acres of land, held six years for investment.......... 9,200 loss a. Compute L's overall capital gain or loss. b. Compute L's adjusted gross income