Gabriel and Anna have the following capital transactions in 2023: a short-term loss of $3,000; a short-term gain of $1,200; a long-term loss of $5,000; and a long-term gain of $8,000. What is their net capital position? a. $4,200 long-term loss b. $1,200 short-term loss c. $1,200 long-term gain d. $3,000 long-term gain