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 $ 7,550 7/22/2022 $ 4,740 Stock B 4/10/2022 14,600 9/13/2022 18,250 Stock C 8/23/2020 11,500 10/12/2022 16,320 Stock D 5/19/2012 5,470 10/12/2022 12,850 Stock E 8/20/2022 7,510 11/14/2022 3,650 Problem 7-46

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?