Bongo Corporation is incorporated in 2014. It has no capital asset transactions in 2014. From 2015 through 2018, Bongo has the following capital gains and losses:

Assuming that Bongo's marginal tax rate during each of these years is 34%, what is the effect of Bongo's capital gains and losses on the amount of tax due each year?

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2015 2016 2017 2018 Capital Gains S 14,000 S12,000 S 9,000 S 30,000 Capital Losses (8,000) (26,000) (22,000) (1,000)