Gilberto invested in a mid-size local company with gross assets of $16,000,000 Gilberto purchased 1,000 shares for $48,000 in 2000. In the current tax year, Gliberto sold the stock for $78,000. How is the gain treated for tax purposes? Multiple Choice $30,000 capital gain, taxed at preferential rates $15,000 excluded from gross income under Section 1202 with the remaining gain recognized and taxed at regular tax rates, $15,000 excluded from gross income under Section 1202 and $15,000 taxed at 28% $15.000 excluded from gross income under Section 1202 and $15.000 taxed at preferential rates