Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2018. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2018.

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Sales Price Capital Asset Trade Date Basis Date Acquired in 2018 $40,000 Feb. 10, 2017 Dec. 5, 2017 Aug. 12 May 2 Dec. 10 $52,000 17,000 37,400 A B 20,000 30,000 Apr. 9, 2016