44. 104 Rollie has the following capital gains and losses during the current year: Short-term capital gain $ 3,000 Collectibles gain 4,000 Long-term capital gain 11,000 Long-term capital loss 6,000 Rollie is married and has a taxable income of $155,000 before considering the effect of his capital gains and losses. What is the effect of Rollie's capital gains and losses on his taxable income and his income tax liability? 45. LO4 Loretta has the following capital gains and losses during the current year: Short-term capital loss $ 4,000 Collectibles gain 10,000 Long-term capital gain 8,000 Long-term capital loss carryover 2,000 Loretta is single and has a taxable income of $200,000 before considering the effect of her capital gains and losses. What is the effect of Loretta's capital gains and losses on her taxable income and her income tax liability