Rikki has the following capital gains and losses for the current year:

Short-term capital gain ........................... $ 1,000

Long-term capital gain ............................ 11,000

Long-term capital loss .............................. 3,000

Collectibles gain ..................................... 8,000

Collectibles loss ...................................... 2,000

What is the effect of the capital gains and losses on Rikki's taxable income and her income tax liability? Assume that Rikki is in the 33% marginal tax rate bracket.