In 2007, Duncan purchased 2,000 shares of stock for $90,000 in a midsize local company with gross assets of $15,000,000. In 2022 , Duncan sold the stock for $100,000. How is the gain treated for tax purposes? Multiple Choice $5,000 excluded from gross income under 1202 and $5,000 taxed at regular rates $7,500 excluded from gross income under 1202 and $2,500 taxed at preferential rates $10,000 capital gain and taxed at preferential rates $5,000 excluded from gross income under 1202 and $5,000 taxed at 28%