Skagway Co., Inc. recognizes the following capital gains and losses during 20X4: Short-term capital gain - $10,000 Short-term capital loss - (33,000) Long-term capital gain - 15,000 Long-term capital loss - (44,000) On its 20X1 tax return, Skagway's netting of its capital gains and losses produced a net capital gain of $7,000. Short-Term $13,000 (18,000) ---------- ($5,000) Long-Term $18,000 (6,000) ----------- $12,000 (5,000) ----------- $7,000 Compute Skagway's capital loss carryback to 20X1 and determine its capital loss carryover to 20X2. ----------------------------------------------------------------------- Answer the question posed above, except assume that the taxpayer is an individual taxpayer