Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021 (Loss amounts should be indicated by a minus sign.) Amount Description Date Purchased Basis Date Sold Realized Stock A 1/23/1997 $ 7,500 7/22/2021 $ 4,700 Stock B 4/10/2021 14,500 9/13/2021 18,130 Stock 8/23/2019 11,375 10/12/2021 16,150 Stock D 5/19/2011 5,430 10/12/2021 12,775 Stock E 8/20/2021 7,475 11/14/2021 3,625 a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss b. What is Grayson's net long-term gain or loss from these transactions? Not long-torm capital gain or loss What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain