Gary and Rhonda are married and filing a joint return. They have three dependent children and have combined wages of $68,000 in 2016. and The couple's 2016 stock transactions are detailed in the following table. In addition, they have $4,000 of qualifying dividends. Date Acquired Date Sold Cost Item Sales Price $27,000 06/10/15 01/22/16 $16,000 Elm stock 03/23/14 $55,000 Pine stock 04/05/16 $52,000 Oak stock 07/01/11 05/31/16 $4,000 $1,500 Holly stock 08/20/16 $44,000 10/31/15 $63,000 Maple stock 11/07/16 $18,000 12/15/15 $20,000 12/15/16 $13,000 $9,500 05/22/14 Dogwood stock a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Item Amount Elm stock Pine stock Oak stock Holly stock Maple stock Dogwood stock