Tate has the following gains and losses from sales of capital assets during the current year.

Short-term capital gain	$3,600
Long-term capital gain	8,400
Long-term capital loss	5,200

What is the effect of the capital asset transactions on Tate's taxable income?

Tate has a net short-term capital of $ and a net long-term capital of $. Tate's taxable income by $.