On May 9, 2020, Calvin acquired 350 shares of stock in Hobbes Corporation, a new startup company, for $138,450. Calvin acquired the stock directly from Hobbes, and it is classified as 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paid-in capital). On January 15, 2022, Calvin sold all of his Hobbes stock for $13,845. Assume that Calvin is single. Assuming that Calvin is single, determine his tax consequences as a result of