Nando has had a pretty good year in the stock market. He purchased 1,000 shares of Oracle at the beginning of the year for a price of $95 each. He also bought 95 Apple shares for $695 per share and 400 shares of Facebook for $399 each. During the year, he sold all of his Oracle shares for $105 less a commission of 2%. He kept the Apple and Facebook shares which were worth $975 and $325 per share, respectively. What will be Nandos realized income, economic income, and recognized income for the year?

7,900; ($3,000); $10,000

7,900; ($3,000); $7,900

10,000; $0; $7,900

0; ($3,000); $10,000

In 2015, Mitchell had net short-term losses of $35,000 and net long-term losses of $17,000. In 2016, Mitchell had short-term gains of $18,000, short term losses (not including anything from 2016) of $12,000, long-term gains of $42,000 and long-term losses (not including anything from 2016) of $27,000. In 2017, Mitchell has $25,000 of short term gains, $13,000 of short term losses, and $13,000 long-term gains, and $15,000 of long-term losses. What will be Mitchells carryover, if any, to 2018?

Group of answer choices

a. $0

b. $4,000 long-term loss

c. $10,000 long-term loss

d. $10,000 short-term loss

e. $4,000 short-term loss