Jay has the following capital gains and losses for the tax year: $6,000 short-term capital loss, $5,000 28% gain, $3,000 25% gain, and $7,000 0/15/20% gain. Which of the following is correct?

The net capital gain is composed of $2,000 28% gain and $7,000 0/15/20% gain.

The net capital gain is composed of $5,000 28% gain and $4,000 0/15/20% gain.

The net capital gain is composed of $2,000 25% gain and $7,000 0/15/20% gain.

The net capital gain is composed of $5,000 28% gain, $3,000 25% gain, and $1,000 0/15/20% gain.