During the year, Mr. G had the following capital transactions:

		Long-Term	Long-Term
	Short-Term	(28% Basket)	(15% Basket)
Gains	$ 9,000	$15,000	$ 8,000
Losses	10,000	10,000	12,000

Determine the overall result of the transactions.

$4,000 long-term capital gain.

$0 long-term capital gain.

$1,000 short-term capital loss.

$5,000 long-term capital gain.