In 2021, Tom and Amanda Jackson (married filing jointly) have $300,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules) a. On May 12, 2021, they sold a painting (art) for $122,500 that was intherited from Grandma on July 23, 2019. The fair market value on the date of Grandma's death was $96,250 and Grandma's adjusted basis of the painting was $27,500. b. They applied a long-term capital loss carryover from 2020 of $11,250. c. They recognized a $12,625 loss on the 11/1/2021 sale of bonds (acquired on 5/12/2011 ). d. They recognized a $4,750 gain on the 12/12/2021 sale of IBM stock (acquired on 2/5/2021). e. They recognized a $20,000 gain on the 10/17/2021 sale of rental property (the only $1231 transaction), of which $10,000 is reportable as gain subject to the 25 percent maximum rate and the remaining $10,000 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2015 ). f. They recognized a $13,250 loss on the 12/20/2021 sale of bonds (acquired on 1/18/2021 ). g. They recognized a $7,625 gain on the 6/27/2021 sale of BH stock (acquired on 7/30/2012). h. They recognized an $12,250 loss on the 6/13/2021 sale of QuikCo stock (acquired on 3/20/2014). 1. They received $1,000 of qualified dividends on 7/15/2021. After completing the required capital gains netting procedures, what will be the Jacksons' 2021 tax liability? Sue has 5,200 shares of Sony stock that have an adjusted basis of $30,680. She sold the 5,200 shares of stock for cash of $12,480. and she also received a piece of land as part of the proceeds. The land was valued at $21,000 and had an adjusted basis to the buyer of $12,600. What is Sue's gain or loss on the sale of 5,200 shares of Sony stock