Blair sold the following stocks in 2020: 200 shares of Dearborn Investments, purchased on May 15, 2019, for $3,875 and sold on January 9, 2020, for $5,260; and 40 shares of State Street Investments, purchased on November 7, 2017, for $12,400 and sold on March 29, 2020, for $9.050. What are the pre-net amounts and nature of the gains (losses) on the sale of these transactions on Blair's 1040 return for 2020? Multiple Choice ( O $1,385 short-term gain and $3,150 long-term loss. () $1,385 short-term gain and $3,350 long-term loss. $1,765 net long-term loss. () $1,965 net long-term loss