Determine the capital gain/loss for the year. Assume a 22% marginal tax rate. Provide the short and long-term results for each sale as well as the year total. Assets 1, 2, and 3 combine for a total amount for the year. Determine the total tax impact of the sales using the proper tax rates for the total short-term and long-term results.

Asset 1 - Basis $55,000; Date Acquired 3/15/2019; Sale Date 3/15/2020; Sales Price $52500.

Asset 2 - Basis $63,000; Date Acquired 9/15/2019; Sale Date 9/16/2020; Sales Price $72,500.

Asset 3 - Basis $42,000; Date Acquired 7/15/2019; Sale Date 10/15/2020; Sales Price $48500.