Question: During the year, Eugene had the four property transactions summarized on the next page. Eugene is a collector of antique glassware and occasionally sells a

During the year, Eugene had the four property transactions summarized on the next page. Eugene is a collector of antique glassware and occasionally sells a piece to get funds to buy another. What are the amount and nature of the gain or loss from each of these transactions?

The sales price included $750 of accrued interest.

Property Antique vase Blue Growth Fund (100 shares) Orange bonds Green stock (100 shares) Date Acquired 06/18/05 12/23/07 02/12/08 02/14/16 Date Sold 05/23/16 11/22/16 04/11/16 11/23/16 Adjusted Basis $37,000 22,000 34,000 11,000 Sales Price $42,000 38,000 42,000* 13,000

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