49. L0.8 During 2018, Chester (a married taxpayer filing a joint return) had the follow- ing transactions involving capital assets: Gain on the sale of an arrowhead collection (acquired as an investment at different 6,000 times but all pieces have been held for more than 1 year) Loss on the sale of IBM Corporation stock (purchased 11 months ago as an investment)(4,000) Gain on the sale of a city lot (acquired 5 years ago as an investment) a. If Chester is in the 32% bracket, how much income tax results? b. If Chester is in the 12% bracket (and has taxable income of $75,000), how much 2,000 income tax results? 49. L0.8 During 2018, Chester (a married taxpayer filing a joint return) had the follow- ing transactions involving capital assets: Gain on the sale of an arrowhead collection (acquired as an investment at different 6,000 times but all pieces have been held for more than 1 year) Loss on the sale of IBM Corporation stock (purchased 11 months ago as an investment)(4,000) Gain on the sale of a city lot (acquired 5 years ago as an investment) a. If Chester is in the 32% bracket, how much income tax results? b. If Chester is in the 12% bracket (and has taxable income of $75,000), how much 2,000 income tax results