Exercise 8-5 (Algorithmic) (LO.4) Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain $14,800 b. Short-term capital loss (35,520) 118,400 C. Long-term capital gain (28%) d. 47,360 e. 59,200 Long-term capital gain (25%) Long-term capital gain (15%) Long-term capital loss (28%) Long-term capital loss (15%) f. (47,360) (88,800) 9. After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall net long-term capital gain of $