Exercise 8-5 (Algorithmic) (LO. 4) Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $12,400 b. Short-term capital loss (29,760) C. Long-term capital gain (28%) 99,200 d. Long-term capital gain (25%) 39,680 e. Long-term capital gain (15%) 49,600 f. Long-term capital loss (28%) (39,680) g. Long-term capital loss (15%) (74,400) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall of $