ESSAY. Write your answer in the space provided or on a separate sheet of paper. Scott Bean is a computer programmer and incurred the following transactions last year. 10) Basis Purchased Sold Provo City Bonds* Cisco Preferred Stock Dreyer's Grand Ice Cream Stock Sales Price $ 10,000 25,000 14,000 $ 5,000 6,000 10,000 11/1/2017 7/15/2012 7/1/2020 5/2/2021 1/12/2021 4/20/2021 Novell Common IBM Stock 2,000 4,000 6,000 5,500 10,000 3,000 9,000 2/12/2018 8/2/2009 5/30/2019 11/29/2021 5/2/2021 10/20/2021 ABC Common Prior-Year ST Capital Loss Carryforward Prior year LT Capital Loss Carryforward 5,000 *Purchased when originally issued by Provo City. What is the net short-term capital gain/loss reported on the 2021 Schedule D? What is the net long-term capital gain/loss reported on the 2021 Schedule D? What amount of capital gain is subject to the preferential capital gains rate