Problem 7-42 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Turchased 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 640 540 740 490 $ 34,560 32,292 35,224 26,068 Dahlia sells 1,520 shares of Microsoft for $112.480 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round Intermediate calculations.) Problem 7-42 Part-b (Algo) b. She uses the specific identification method and she wants to minimize her current-year capital gain, Problem 7-46 Part-a (Algo) a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss Print Problem 7-46 Part-b (Algo) Retete ces b. What is Grayson's net long-term gain or loss from these transactions? Not long-term capital gain or loss Ask Problem 7-46 Part-c (Algo) Print References c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss Print Problem 7-46 Part-d (Algo) eferences d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain