In 2007, Duncan purchased 2,000 shares of stock for $72,500 in a midsize local company with gross assets of $15,000,000. In 2021 , Duncan sold the stock for $86,000. How is the gain treated for tax purposes? Multiple Choice $13,500 capital gain and taxed at preferential rates $6,750 excluded from gross income under $1202 and $6,750 taxed at regular rates $6,750 excluded from gross income under $1202 and $6,750 taxed at 28% $10,125 excluded from gross income under \$ 1202 and $3,375 taxed at preferential rates