What is a Capital Asset?, Holding Period, and Calculation of Gain or Loss, Net Capital Gains (LO 8.1, 8.2, 8.3)

During 2017, Tom sold Sears stock for $33,400. The stock was purchased 4 years ago for $46,760. Tom also sold Ford Motor Company bonds for $116,900. The bonds were purchased 2 months ago for $99,365. Home Depot stock, purchased 2 years ago for $3,340, was sold by Tom for $5,010. Calculate Tom's net gain or loss, and indicate the nature of the gain or loss.