During the year, Ophelia recorded the following transactions involving capital assets.
Gain on the sale of unimproved land (held as an investment for 3 years) $3,000
Loss on the sale of a camper (purchased 2 years ago and used for family vacations (5,000)
Loss on the sale of ADM stock (purchased 9 months ago as an investment (1,000)
Gain on the sale of a fishing boat and trailer (acquired 11 months ago at an auction and used for recreational purposes) 2,000
a) If Ophelia is in the 35% bracket,

Question

During the year, Ophelia recorded the following transactions involving capital assets.
Gain on the sale of unimproved land (held as an investment for 3 years)                      $3,000
Loss on the sale of a camper (purchased 2 years ago and used for family vacations      (5,000)
Loss on the sale of ADM stock (purchased 9 months ago as an investment                   (1,000)
Gain on the sale of a fishing boat and trailer (acquired 11 months ago at an auction and used for recreational purposes)                                 				                     2,000
a) If Ophelia is in the 35% bracket,