1. Determine the capital gain/loss for the year for the given situation. Assume a 22% Marginal Rate. Provide the short and long term results for each sale as well as the year total. Assets A, B, & C combine for a total amount for the year. Determine the total tax impact of the sales using the proper taxes rates for the total short term and long term results. (6 points)
   1. Asset A Basis $55,000; Date Acquired 3/15/2011; Sale Date 3/15/2012; Sales Price $52,500.
   2. Asset B Basis $63,000; Date Acquired 9/15/2011; Sale Date 9/16/2012; Sales Price $72,500.
   3. Asset C Basis $42,000; Date Acquired 7/15/2011; Sale Date 10/15/2012; Sales Price $48,500.