Your client brings you the following information for the past 3 years: short-term capital gain short-term capital loss long-term capital gain long-term capital loss year 1 1000 1500 700 4000 year 2 1000 900 100 3300 year 3 900 200 100 1000 using excel, calculate the amount and type of capital gain or loss for each year, identifying any carryover.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.