! -- Required information Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions...

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! -- Required information Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Basis $ 7,550 Date Sold Amount Realized 7/22/2021 $ 4,740 Stock B 4/10/2021 14,600 9/13/2021 18,250 Stock C 8/23/2019 11,500 10/12/2021 16,320 Stock D 5/19/2011 5,470 10/12/2021 12,850 Stock E 8/20/2021 7,510 11/14/2021 3,650 Problem 7-46 Part-a (Algo) a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss Problem 7-46 Part-b (Algo) b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss Probl t-c (Algo) c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss Problem 7-46 Part-d (Algo) d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain ! -- Required information Problem 7-46 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2021: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Stock A 1/23/1997 Basis $ 7,550 Date Sold Amount Realized 7/22/2021 $ 4,740 Stock B 4/10/2021 14,600 9/13/2021 18,250 Stock C 8/23/2019 11,500 10/12/2021 16,320 Stock D 5/19/2011 5,470 10/12/2021 12,850 Stock E 8/20/2021 7,510 11/14/2021 3,650 Problem 7-46 Part-a (Algo) a. What is Grayson's net short-term capital gain or loss from these transactions? Net short-term capital gain or loss Problem 7-46 Part-b (Algo) b. What is Grayson's net long-term gain or loss from these transactions? Net long-term capital gain or loss Probl t-c (Algo) c. What is Grayson's overall net gain or loss from these transactions? Net capital gain or loss Problem 7-46 Part-d (Algo) d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains? Net capital gain