During the year, Isabelle had the following transactions involving capital assets.

a. Indicate the tax treatment for each item:

Transaction		Amount		Tax Treatment
Loss on the sale of land held for investment (purchased 11 months ago)		($8,000)		Short-term capital loss
Gain on the sale of a personal speed boat (purchased seven years ago)		4,500		Long-term capital gain
Gain on the sale of corporate stock (purchased four years ago as an investment)		12,500		Long-term capital gain
Loss on the sale of a personal vehicle (purchased nine months ago)		(3,500)		Not deductible

If an amount is zero, enter "0".

Overall, Isabelle has a short-term capital loss of ___ and a long-term capital gain of ___

b. If Isabelle is in the 32% bracket, what is the income tax regarding these transactions?

If Isabelle is in the 12% bracket, what is the income tax regarding these transactions?