Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022:

Note: Loss amounts should be indicated by a minus sign.

Stock	Date Purchased	Basis	Date Sold	Amount Realized
Stock A	1/23/1998	$ 7,750	7/22/2022	$ 4,900
Stock B	4/10/2022	15,000	9/13/2022	18,730
Stock C	8/23/2020	12,000	10/12/2022	17,000
Stock D	5/19/2012	5,630	10/12/2022	13,150
Stock E	8/20/2022	7,650	11/14/2022	3,750

Problem 7-46 Part-a (Algo)

a. What is Grayson's net short-term capital gain or loss from these transactions?

b. What is Grayson's net long-term gain or loss from these transactions?

c. What is Grayson's overall net gain or loss from these transactions?

d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?