Over the last six months, Rabin acquired the following assets:

- an engagement ring that cost $8,000

- an antique ceramic vase (for $4,000),

- a painting (for $11,000),

- a Television (for $12,000),

- National Bank’s shares (for $5,000).

Last week he sold these assets as follows:

- an engagement ring that cost $9,000

- an antique ceramic vase (for $2,000),

- a painting (for $5,000),

- a Television (for $8,000) and

- Australia Bank’s shares (for $25,000)

Required:

Calculate his net capital gain or net capital loss for the year.