During 2022, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets 300 shares of IBM common Broker's Commission Paid at Time of Purchase $ 100 300 Date Acquired 11/22/2019 Purchase Price $ 10,490 200 shares of IBM common 43,390 3,000 shares of Apple preferred 161,000 2,100 shares of Cisco common 420 shares of Vanguard mutual fund 53,900 1,300 550 3/2/2022 16,100 No-load fund* 4/3/2020 12/12/2020 8/14/2021 *No commissions are charged when no-load mutual funds are bought and sold. Because of the downturn in the stock market, Mr. and Mrs. Howell decided to sell most of their stocks and the mutual fund in 2022 and to reinvest in municipal bonds. The following investment assets were sold in 2022: Investment Assets 300 shares of IBM common 3,000 shares of Apple preferred 2,100 shares of Cisco common 451 shares of Vanguard mutual fund Date Sold Sale Price 5/6 $ 15,100 10/5 222,800 8/15 63,390 12/21 Broker's Commission Paid at Time of Sale $ 100 2,000 650 17,100 No-load fund* *No commissions are charged when no-load mutual funds are bought and sold. The Howells' broker issued them a Form 1099-B showing the sales proceeds net of the commissions paid. For example, the IBM sales proceeds were reported as $15,000 on the Form 1099-B they received. In addition to the sales reflected in the table above, the Howells provided you with the following additional information concerning 2022: The Howells received a Form 1099-B from the Vanguard mutual fund reporting a $900 long-term capital gain distribution. This distribution was reinvested in 31 additional Vanguard mutual fund shares on 6/30/2022. In 2016, Mrs. Howell loaned $7,400 to a friend who was starting a new multilevel marketing company called LD3. The friend declared bankruptcy in 2022, and Mrs. Howell has been notified she will not be receiving any repayment of the loan. The Howells have a $3,700 short-term capital loss carryover and a $6,200 long-term capital loss carryover from prior years. The Howells did not instruct their broker to sell any particular lot of IBM stock. The Howells earned $3,700 in municipal bond interest, $3,700 in interest from corporate bonds, and $5,400 in qualified dividends. Assume the Howells have $165,000 of wage income during the year. c. Assume the Howells' short-term capital loss carryover from prior years is $83,700 rather than $3,700 as indicated above. If this is the case, how much short-term and long-term capital loss carryover remains to be carried beyond 2022 to future tax years? Note: Leave no cells blank - be certain to enter "O" wherever required. Short-term capital loss Long-term capital 0 loss