Capital Gains Calculation:The following is your income with gains and losses for three years:1. You earn $75,000 this year and report a short-term capital gain of $15,000and a short-term capital loss of -$5,000 and a long-term capital losses of -$20,000. What did you report as ordinary income this year?2. The next year you will have an income of $80,000 with no capital assettransactions. What do you report as ordinary income that year?3. The following year you have an income of $85,000 and have long-termcapital gains of $95,000. What will you report as ordinary income