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Jack, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2020. (Click the icon to view the marketable securities.) Determine whether

Jack, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2020. (Click the icon to view the marketable securities.) Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2020. (Use parentheses or a minus sign for loss amounts.) Capital Gain/(loss) Long-term or short-term capital gain/loss Asset Amount A B C Capital Asset Basis A $ B Date Acquired 46,000 Feb. 10, 2019 24,000 Dec. 5, 2019 Trade Date in Sales 2020 Price Aug. 12 $ 56,000 May 2 22,000 32,000 Apr. 9, 2018 Dec. 10 38,400

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