Benjamin Has the Following Capital Gains and Losses for the Current

Multiple Choice

Benjamin has the following capital gains and losses for the current year:
What is Benjamin's net capital gain or loss for the year?

A) Net long-term capital loss of $7,000.
B) Net short-term capital gain of $2,000.
C) Net long-term capital loss of $5,000.
D) Net short-term capital gain of $1,000.
E) Net long-term capital loss of $3,000.