Determine the amount of the capital gain or loss in each of the following transactions and state whether the gain or loss is long term or short term.
a. 100 shares of Bilco stock bought for $8,000 on January 22 of year 3 and sold for $10,000 on January 22 of year 4.
b. 20 acres of investment land bought for $8,000 on January 31 of year 3 and sold for $7,000 on February 2 of year 4.
c. 150 shares of Dantron stock bought for $15,000 on April 1 of year 3 and sold for $17,000 on May 28 of year 5.