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Murphy Smith has the following stock transactions for 2017. Name Date Purchased Basis Date Sold Sales Proceeds Apex Corp. 1/23/1986 7,250 7/22/2017 4,500 Blue Corp.

Murphy Smith has the following stock transactions for 2017.

Name Date Purchased Basis Date Sold Sales Proceeds
Apex Corp. 1/23/1986 7,250 7/22/2017 4,500
Blue Corp. 4/20/2017 14,000 9/13/2017 17,500
Coral Corp. 8/23/2010 10,750 10/12/2017 15,300
Diamond Corp 5/19/2017 5,230 10/12/2017 12,400
Electric Corp. 8/20/2017 7,300 11/14/2017 3,500

Based on the information in above table, answer the following questions: (a) What is Murphys net short-term capital gain or loss from these transactions? (b) What is Murphys net long-term capital gain or loss from these transactions? (c) What is Murphys net gain or loss from these transactions? (d) Based on (a) through (c), complete Murphys Schedule D.

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