Al Borland, a single individual, sold the following investment assets in 2019. Asset Date sold Tax basis Sales price Date purchased 1/4/10 4/9/19 $5,000 $13,500 135 shares North Inc. 800 shares South Inc. 12/31/90 7/1/19 $75,000 $81,200 50 shares East Corp. 5/10/19 - 10/25/19 $12,000 $3,100 100 shares West Inc. 3/25/09 12/19/19 $17,000 $1,500 250 shares Northwest Inc. 10/13/19 12/30/19 $27,000 $30,450 His AGI for 2019 before consideration of the above sales is $109,685. Required (12 points): a. Determine the amount and character for each of the above realized gains and losses. 135: 13,500-5,000 - 8.500 Long-term Capital gain 800: 81,200-75,000 - 6,200 Long-term Capital gain 50: 3,100-12,000 - (8,900) Short-term Capital loss 100: 1,500-17,000 = (15,500) Long-term Capital Loss 50:30,450-27,000 - 3,450 Short-term Capital gain b. Apply the netting rules for capital gains and losses. Indicate the proper tax treatment in the current year for the results of the netting process. Also indicate the amount and character of any carry forward to future years, Short-Term: 3450-8900 - (5,450) STCL Long-Term: 8500+6200-15500 - (800) LTCL 3000-5450 = 2450+800 - 3,350 LTCL carried forward c. Determine Al's AGI for 2019 after consideration of the above sales