Jaime is in the 24% ordinary income tax bracket and experienced the following capital transactions in 2019. Sales Price Tax Basis Date Purchased Date Sold Provo City Bonds $ 10,000 $5,000 11/1/2015 5/2/2019 Cisco Preferred Stock 25,000 6,000 7/15/2010 1/12/2019 Dreyers Grand Ice Cream Stock 14,000 10,000 7/1/2018 4/20/2019 Novell Common 2,000 10,000 2/12/2016 11/29/2019 IBM Stock 4,000 3,000 1/12/2019 5/2/2019 ABC Common 6,000 9,000 5/30/2017 10/20/2019 Prior year STCL Carryforward 5,500 Prior year LTCL Carryforward 6,000 a. Using good form, determine Jaimes net gain or loss. NOTE: Your analysis must show your netting process in order to receive full credit. b. What amount of gain, if any, is subject to the preferential rate for certain capital gains AND what tax rate will Jaime pay on that gain?