All tax calculations should be based on the 2020 Tax Rate Schedules. Figures should be rounded to the nearest dollar. Percentages should be rounded to the nearest whole percentage (e.g., 32% instead of 32.2%)

Capital gains. This year, Haruto had one transaction involving a capital asset he held for more than a year: he realized a gain of $56,000. He had two transactions involving capital assets he held for less than a year: he realized a gain of $11,000 on one and a loss of $23,000 on the other. What is the total amount of capital gain that qualifies for preferential capital-gains tax rates (i.e., net capital gain or NCG)?