Shan had the following gains and losses from Sec 1231 properties in 2014. She does not have any net sec 1231 loss from the last 5 years. Casualty gains: $7,000 Casualty losses: ($8,000) Sale gains: $5,000 Sale losses: ($3,000) (a) What is the net ordinary gain or loss from these transactions? (b) What is the net Sec 1231 gain or loss from these transactions? (c) Matt had the following gains and losses from Sec 1231 properties. He does not have any net sec 1231 loss from the last 5 years. What is the net Sec 1231 gain or loss from these transactions? Casualty gains: $25,000 Casualty losses: ($15,000) Sale gains: $5,000 Sale losses: ($7,000)