Mort begins investing in stocks in 2010. Listed here are his stock transactions for 2010 and 2011. Determine Mort’s gain or loss on his stock transactions for 2010 and 2011. In addition, for each sale of stock, determine whether the gain or loss is short-term orlong-term.

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Price TranactionTransactionSlare Commisions Paid S 50 200 100 70 30 Date 3 Pepper Farm Acala Steel Horton, Inc. Acala Steel Horton, Inc. Pepper Farm Horton, Inc. Pepper Farm Angor Mills Angor Mills Horton, Inc. Purchased 50 shares Purchased 200 shares Purchased 300 shares Sold 50 shares Purchased 200 shares Sold 25 shares Sold 100 shares Sold 25 shares Purchased 800 shares Sold 300 shares Sold 400 shares S 8 5/24/10 10/5/10 12/10/10 12/28/10 2/4/11 2/15/11 3/1/11 8/13/11 11/11/11 12/4/11 12/19/11 14 18 12 13 20 35 250 250