In the current year, Erin had the following capital gains (losses) from the sale of her investments: $1,400 LTCG, $25,600 STCG, ($8,400) LTCL, and ($14,400) STCL. What is the amount and nature of Erin's capital gains and losses?

Multiple Choice

• $4,200 net short-term capital gain.

• $4,200 net long-term capital loss.

• $4,600 net short-term capital gain.

• $4,600 net long-term capital loss.

• None of the choices are correct.