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K sold 3,000 shares of a public company for $12,000. Before the sale, K owned 10,000 shares; an initial 4,000 were purchased for $4,000 and

K sold 3,000 shares of a public company for $12,000. Before the sale, K owned 10,000 shares; an initial 4,000 were purchased for $4,000 and an additional 6,000 were purchased for $18,000 twenty days before the sale. What amount is to be reported in net income for tax purposes

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