Damon, Inc. began operations in 2013. It had the following gains and losses each year:

	2013	2014	2015
Long-term capital gain	$ 50,000	$ 10,000	$ 3,000
Short-term capital gain	--0--	46,000	1,000
Long-term capital loss	(10,000)	(17,000)	(19,000)
Short-term capital loss	(14,000)	(5,000)	(20,000)
Section 1231 gain	4,000	--0--	2,000
Taxable income prior to above gains and losses	340,000	400,000	100,000

Compute Damon's taxable income for each year and identify its capital asset positions. Also, determine if it is entitled to a refund.