-25 Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2020. 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 2020. Capital Trade Date Sales Asset Basis Date Acquired in 2020 Price $40,000 Feb. 10, 2019 Aug. 12 $52,000 B 20,000 Dec. 5, 2019 May 2 17,000 30,000 Apr. 9, 2018 Dec. 10 37,400