4. Freddy has the following transactions during the year. His marginal tax rate is 37%. Compute the amount of tax that is due on these transactions. Note: In addition to the book and class notes, you should watch the 14-minute video (located under the Panopto). After completing this chart, follow the netting process and then compute the tax. (8 points) Asset Date Sold Basis Character Rate Date Acquired Sales Price Amount of Gain or Loss ST or LT 28,000 32,500 19,000 15,500 40,000 35,000 10,000 11,500 Collectible 10/25/2019 07/21/202 Statue of 0 Elvis Buckeyes, 06/09/2020 12/20/202 Inc Stock 0 Coin 01/01/1986 05/06/202 collection 0 Browns, Inc 11/22/2019 10/15/202 Stock 0 Personal 01/03/2014 08/05/202 Residence* 0 Steelers 09/29/2018 09/17/202 Stock 0 Personal 01/05/2017 01/10/202 automobile 0 Smuckers 03/07/2017 11/20/202 Stock 0 150,000 375,000 25,000 18,000 35,000 12,000 45,000 60,000 * Elliott has lived in the house from the time he purchased it until he sold it