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Pure Action Cycles Incorporated, a bicycle manufacturer, has a net capital loss in 2022 of $(64,000). It had net capital gains of $21,500 in 2021,

Pure Action Cycles Incorporated, a bicycle manufacturer, has a net capital loss in 2022 of $(64,000). It had net capital gains of $21,500 in 2021, $45,000 in 2020, $10,000 in 2019 (but suffered a net operating loss in 2019), and $8,000 of net capital gain in 2018. What is the net capital gain in 2021 after the carryback is applied?

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