In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,700 LTCG, $24,300 STCG, ($9,700) LTCL, and ($15,700) STCL. What is the amount and nature of Erin's capital gains and losses?

Multiple Choice

$1,600 net short-term capital gain.

$1,600 net long-term capital loss.

$3,300 net short-term capital gain.

$3,300 net long-term capital loss.

None of the choices are correct.