Capital Gains and Losses. Y Corporation incurred the following items of capital gain and loss in 2021: STCG.... STCL . . . LTCG.... LTCL ... $ 20,000 (10,000) 5,000 (28,000) A review of Y's past tax returns shows that Y Corporation reported the following net capital gain/(loss) in prior years: 2017-$6,000; 2018-$8,000; 2019-($3,000); and 2020-$1,000. Calculate Y's net capital gain (loss) for 2021. How is this reported on the 2021 Form 1120? b. Calculate the amount of capital loss carryback to 2017, 2018, 2019, and 2020. Calculate the amount of capital loss carryforward to 2022. How will this loss be treated in 2022 (i.e., as a short-term or long-term capital loss)? c.