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 $ 7,60e 14,70e 11,625 5,510 7,545 Date Sold Realized 7/22/2018 4,78e 18,370 16,490 12,925 3,675 Stock A Stock B Stock C Stock D Stock E 4/10/2018 8/23/2016 5/19/2008 8/20/2018 9/13/2018 10/12/2018 10/12/2018 11/14/2018 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? Amount