During the year, Isabelle recorded the following transactions involving capital assets Indicate the tax treatment for each item: Transaction Tax Treatment Loss on the sale of land held for investment (purchased 11 months ago) Gain on the sale of a personal speed boat (purchased Gain on the sale of corporate stock (purchased four years ago as an investment) Loss on the sale of a personal vehicle (purchased nine months ago) Amount ($8,000) A. t) 12,500 (3,500) Overall, Isabelle has_ of of and a. If Isabelle is in the 35% Federal income tax bracket, how much tax results? b. If Isabelle is in the 15% bracket