Required information Problem 5-62(LO 5-2)(Algo) Skip to question [The following information applies...

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Accounting

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Problem 5-62(LO 5-2)(Algo)
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Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2022:
Note: Loss amounts should be indicated by a minus sign.
Stock Date Purchased Basis Date Sold Amount Realized
Stock A 1/23/1998 $ 7,6507/22/2022 $ 4,820
Stock B 4/10/202214,8009/13/202218,490
Stock C 8/23/202011,75010/12/202216,660
Stock D 5/19/20125,55010/12/202213,000
Stock E 8/20/20227,58011/14/20223,700
Problem 5-62 Part-b (Algo)
b. What is Grayson's net long-term gain or loss from these transactions?

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