Required information [The following information applies to the questions displayed below.) Grayson is in the 24 percent tax rate bracket and has sold the following stocks in 2018: (Loss amounts should be indicated by a minus sign.) Amount Description Date Purchased Basis 1/23/1994 7,250 Stock A Stock B Stock C Stock D Stock E Date Sold Realized 7/22/2018 4,500 4/10/2818 14,000 9/13/2018 17,500 15,300 12,400 3,500 8/23/2016 10,758 10/12/2818 5,23010/12/2018 7,300 11/14/2018 5/19/2008 8/20/2018 es b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss