John bought $1,500$ shares of Intel stock $($Nasdaq: INTC$)$ on October $18,2020,$ for $$40$ per share plus a $$750$ commission he paid to his broker. On December $12,2024,$ he sells the shares for $$57\mathrm{.}50$ per share. He also incurs a $$1,000$ fee for this transaction.

Problem $7-41$ Part a $($Algo$)$

c$-1.$ What is the gain or loss for John on the sale of his Intel stock?

c$-2.$ What is the character of the gain or loss?