Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2016. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2016.

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Capital Asset Trade Date in 2016 Feb. 10, 2015 Aug. 12 Date Sales Basis Acquired Price $52,000 $40,000 A 20,000 Dec. 5, 2015 Apr. 9, 2014 B May 2 Dec. 10 17,000 37,400 30,000