Exercise 6-3 (Algorithmic) (LO. 2) On May 9, 2020, Calvin acquired 1,000 shares of stock in Hobbes Corporation, a new startup company, for $90,350, Calvin acquired the stock directly from Hobbes, and it is classified as $1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paidin capital). On January 15, 2022, Calvin sold all of his Hobbes stock for $9,035. Assume that Calvin is single. Assuming that Calvin is single, determine his tax consequences as a result of this sale