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5. Kay sold the following investments during the current year: Property Date Sold Date Acquired Sales Price Adjusted Basis ABC stock 2/3/CY 1/2/PY $3,300 $1,300
5. Kay sold the following investments during the current year: Property Date Sold Date Acquired Sales Price Adjusted Basis ABC stock 2/3/CY 1/2/PY $3,300 $1,300 Bond 2/5/CY 2/5/PY $1,200 $1,400 Land 4/5/VY 5/4/PY $4,300 $3,400 CY = current year, PY = prior year What is the amount of net long-term gain and net short-term gain on the sale of the investments
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