Nicole has the following transactions related to her investments and her sole proprietorship during 2016: 
a.Determine the character of each gain or loss:
b.Determine the effect of the gains and losses on Nicole's current-year adjusted gross income.
Definitions:
Isocost Line
A diagram representing every possible mix of inputs that can be acquired for a specific total expenditure.
Cost Of Capital
The required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.
Cost Of Labor
The total amount incurred by a business to compensate its employees, including wages, benefits, and taxes.
Cost Of Capital
The rate of return a company must earn on its project investments to maintain its market value and attract funds.
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