! Required information Problem 7-46 (LO 7-2) (Algo) (The following information applies to the questions displayed below.) Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Stock B 4/10/2021 Stock C 8/23/2019 Stock D 5/19/2011 Stock E 8/20/2021 Basis $ 7,950 15,400 12,500 5,790 7,790 Date Sold 7/22/2021 9/13/2021 10/12/2021 10/12/2021 11/14/2021 Amount Realized $ 5,060 19, 210 17,680 13,450 3,850 Problem 7-46 Part-b (Algo) b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss