42. LO.6,8 During the year, Inez, a single individual, recorded the following transac- tions involving capital assets. Gain on the sale of unimproved land (held as an investment for 3 years) Loss on the sale of a camper (purchased 2 years ago and used for family vacations) Gain on the sale of ADM stock (purchased 9 months ago as an investment) Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction $3,000 (5,000) 4,000 and used for recreational purposes) a. If Inez is in the 32% Federal income tax bracket, how much tax results? b. What if Inez is in the 12% bracket, with $35,000 taxable income? ,000