Capital Gains and Losses. L, a single individual, earned salaries and wages of $64,000 and interest of $3,000 and dividends of $3,700 for the current year. In addi- tion, L sold the following capital assets: 10 shares LMN common stock, held ten months . 1990 Dodge sedan, used four years for personal purposes... 10 acres of land, held six years for investment. years for investment .............. $1,400 gain 2,600 loss 9,200 loss a. Compute L's overall capital gain or loss. b. Compute L's adjusted gross income