Mollys mother passed away on 19 January 2021.

On 7 June 2021, Molly sold the following items which she had inherited from her mother:

Item Inherited	Date Purchased by Mother	Cost to Mother	Market Value on Mother's Death	Capital Proceeds from Sale
a. Pearl necklace	15 July 1981	$1,100	$550	$850
b. Diamond ring	5 March 2005	$520	$900	$920
c. Land at Coffs Harbour	12 October 1995	$100,000	$265,000	$280,000
d. Shares in BHP Limited	25 November 1983	$850	$4,200	$4,700
e. Shares in CSR Limited	15 August 2020	$2,200	$2,100	$2,400
f. Tennis racquet signed by Pat Rafter	11 February 2004	$6,500	$10,900	$12,000

Required:

1. Calculate Mollys gross capital gain or capital loss in respect of the disposal of each asset.

2. Calculate Mollys overall net capital gain or capital loss. Assume that Molly wishes to minimise her taxable income by choosing the CGT method which gives her the lowest capital gain.