Please answer the question given in the photo.

Required information Comprehensive Problem 07-63 (LO 07-1, LO 07-2, LO 07-3, LO 07-4) (Algo) (The following information applies to the questions displayed below.) During 2021, your clients, Mr. and Mrs. Howell, owned the following investment assets Broker's Commission Paid at Investment Assets Date Acquired Purchase Price Time of Purchase 300 shares of IBM common 11/22/2018 $ 10,600 $ 100 200 shares of IOM common 4/3/2019 43,500 300 3,000 shares of Apple preferred 12/12/2019 172,000 1,300 2,100 shares of Cisco connon 8/14/2020 55.000 550 420 shares of Vanguard mutual fund 3/2/2021 17,200 No-load fund" "No commissions are charged when no load mutual funds are bought and sold Because of the downturn in the stock market, Mr and Mrs. Howell decided to sell most of their stocks and the mutual fund in 2021 and to reinvest in municipal bonds. The following investment assets were sold in 2021 Broker's Commission Poldat Investment Assets 300 shares of TM como Date Sold Sale Price Tee of Sale 5/6 $ 16,200 3,000 shares of Apple preferred $ 100 10/5 2,100 shares of Cisco common 223,900 2,100 451 shares of Vanguard mutual fund B/15 63,500 12/21 "No commissions are charged when no load mutual funds are bought and sold. 18,200 No-load fund The Howells' broker issued them a Form 1099-8 showing the sales proceeds net of the commissions paid. For example, the IBM sales proceeds were reported as $16,100 on the Form 1099-B they received In addition to the sales reflected in the table above, the Howells provided you with the following additional information concering 2021 650 The Howells received a Form 1099 8 from the Vanguard mutual fund reporting a $900 long term capital gain distribution. This distribution was reinvested in 31 additional Vanguard mutual fund shares on 6/30/2021 In 2014, Mrs. Howell loaned $8.500 to a friend who was starting a new multilevel marketing company called LD3 The friend declared bankruptcy in 2021, and Mrs. Howell has been notified she will not be receiving any repayment of the loan The Howells have a 54,800 short-term capital loss carryover and a $7,300 long-term capital loss carryover from prior years The Howells did not instruct their broker to sell any particular lot of IBM stock, The Howells earned $4250 in municipal bond interest. 54.250 in interest from corporate bonds, and $6,500 in qualified dividends The Howells' broker issued them a Form 1099-8 showing the sales proceeds net of the commissions paid. For example, the IBM sales proceeds were reported as $16,100 on the Form 1099-8 they received. In addition to the sales reflected in the table above, the Howells provided you with the following additional information concerning 2021 The Howells received a Form 1099-B from the Vanguard mutual fund reporting a $900 long-term capital gain distribution. This distribution was reinvested in 31 additional Vanguard mutual fund shares on 6/30/2021. In 2014, Mrs. Howell loaned $8,500 to a friend who was starting a new multilevel marketing company called LD3. The friend declared bankruptcy in 2021, and Mrs. Howell has been notified she will not be receiving any repayment of the loan The Howells have a 54,800 short-term capital loss carryover and a $7.300 long-term capital loss carryover from prior years The Howells did not instruct their broker to sell any particular lot of IBM stock The Howells earned $4,250 in municipal bond Interest, $4,250 in interest from corporate bonds, and $6,500 in qualified dividends Assume the Howells have $192,500 of wage income during the year. Comprehensive Problem 07-63 Part c (Algo) c. Assume the Howells short-term capital loss carryover from prior years is $84,800 rather than $4,800 as indicated above. If this is the case, how much short-term and long-term capital loss carryover remains to be carried beyond 2021 to future tax years? Short-term capital dos 5 3.000 Lang term capital com