Ernest invested in a startup company, SkyHI Corp., that was trying to get a newly designed general aviation aircraft certified. After certification, the company planned to build and sell the aircraft. This is a qualified small business corporation $(1244$ stock company$).$ He bought $5,000$ shares for $$200,000$ on $3/12/2018.$ He sold $1,000$ shares on $6/15/2022$ for $$36,000.$ This transaction was reported to him on form $1099$B$,$ basis reported to the IRS, but I have not provided you with a copy of this $1099$B$.$ Hint, this transaction is entered as an asset sale, but it is reported on form $4797.$ We have not previously discussed this form. You will designate that it is a $1244$ stock sale on the $$schedule D$$ input of the asset sale form, similar to the bad debt, and worth

$6.$ Transaction $7-5$ describes the purchase and sale of stock held for investment. I have told you that stock held for investment, in fact, any asset held for investment is a capital asset. What kind of a gain or loss does this set of transactions generate? Please show dollar amounts in your explanation?