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 2022: Note: Loss amounts should be indicated by a minus sign. Stock Stock A Date Purchased 1/23/1998 Basis $ 7,900 Date Sold Amount Realized 7/22/2022 $ 5,020 Stock B 4/10/2022 15,300 9/13/2022 19,090 Stock C 8/23/2020 12,375 10/12/2022 17,510 Stock D 5/19/2012 5,750 10/12/2022 13,375 Stock E 8/20/2022 7,755 11/14/2022 3,825 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 b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain