Grayson is in the 25 percent tax rate bracket and has the sold the following stocks in 2016:

Date Purchased Basis Date Sold Amount Realized Stock A 1/23/1992 $ 7,250 7/22/2016 $ 4,500 Stock B 4/10/2016 14,000 9/13/2016 17,500 Stock C 8/23/2014 10,750 10/12/2016 15,300 Stock D 5/19/2006 5,230 10/12/2016 12,400 Stock E 8/20/2016 7,300 11/14/2016 3,500

a) What is Grayson’s net short-term capital gain or loss from these transactions?

b) What is Grayson’s net long-term gain or loss from these transactions?

c) What is Grayson’s overall net gain or loss from these transactions?

d) What amount of the gain, if any, is subject to the preferential rate for certain capital gains?