9 Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) Part 1 of 4 5 points Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock c 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,550 14,600 11,500 5,470 7,510 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 4,740 18,250 16,320 12,850 3,650 Problem 7-46 Part-a (Algo) a. What is Grayson's net short-term capital gain or loss from these transactions? X Answer is complete but not entirely correct. Net short-term capital gain or loss $ 3,650 X b. What is Grayson's net long-term gain or loss from these transactions? X Answer is complete but not entirely correct. Net long-term capital gain or loss $ 5,530 X Problem 7-46 Part-c (Algo) c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss Problem 7-46 Part-d (Algo) d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain