Aram's taxable income before considering capital gains and losses. is $79,000. Determine Aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios (assume Aram files as a single taxpayer). Required: a. Aram sold a capital asset that he owned for more than one year for a $5,380 gain, a capital asset that he owned for more than one year for a $690 loss, a capital asset that he owned for six months for a $1,580 gain, and a capital asset he owned for two months for a $1,090 loss.