Five years ago, Grady and his brother Matt formed Garnett Corp., a golf apparel manufacturing corporation. At that time, Grady contributed $375,000 to the corporation in exchange for 70% of its stock. During the current year, Grady needed some cash to purchase a golf course so he sold a third of his interest in Garnett Corp. for $84,000.He also sold stock in the following companies for the amounts indicated:

Corporation	Sales Proceeds	Adjusted Basis	When Acquired
IBM	$19,000	$12,000	52 months ago
Microsoft	32,000	43,000	18 months ago
Tidal Radio	38,000	13,000	7 months ago
Wavetable	23,000	32,000	4 months ago

During the year Grady hired a collection agency to collect a $16,000 loan he made to an old friend, which was due in full on January 1 of the current year. The agency found no trace of his friend. Also during the year, DEF Corporation, in which he owns stock, went bankrupt. His investment was worth $92,000 on January 1, he purchased it six years ago for $109,000, and he expects to receive only $15,000 in redemption of his stock. Finally, Grady's salary for the year was $124,000 for his work as an associate professor.

Begin by entering the short-term gains or losses, then the long-term gains or losses, and finally the ordinary gains or losses.