Exercise 6-3 (Algorithmic) (L0.2) On May 9, 2018, Calvin acquired 300 shares of stock in Hobbes Corporation, a new startup company, for $75,550. Calvin acquired the stock directly from Hobbes, and it is classified as $ 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of pald-in capital). On January 15, 2020, Calvin sold all of his Hobbes stock for $7,555. Assume that Calvin is single, Assuming that Calvin Is single, determine his tax consequences as a result of this sale. If an amount is zero, enter "O". As a result of the sale, Calvin has: Ordinary loss: Short-term capital loss: 170140 x 0 X Long-term capital loss: 34,080 X