During the year, Eric had the four property transactionssummarized below. Eric is a collector of antique automobiles andoccasionally sells one to get funds to buy another. What are theamount and nature of the gain or loss from each of thesetransactions?
Property DateAcquired DateSold Adjusted Basis SalesPrice
Antiquetruck 06/18/98 05/23/08 $47,000 $35,000
Blue Growth Fund 12/23/00 11/22/08 12,000 23,000
(100 shares)
OrangeBonds 02/12/01 04/11/08 34,000 42,000*
Greenstock 02/14/08 11/23/08 13,000 11,000