Rudy has the following capital gains and losses for the current year. What is the effect of the capital asset transactions on his taxable income?

Short-term capital loss $ (15,500)

Long-term capital gain 11,600

Long-term capital loss (4,500)

Group of answer choices

Net short-term capital loss $8,400

Short-term capital loss $15,500, long-term capital gain $7,100

Net long-term capital loss $8,400

Long-term capital loss $4,500, short-term capital loss $3,900