Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2017. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2017.

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Sales Capital Asset Trade Date in 2017 Aug. 12 May 2 Date Acquired Feb. 10, 2016 Dec. 5, 2016 Apr. 9, 2015 Basis $40,000 20,000 Price $52,000 17,000 A 30,000 Dec. 10 37,400