Joan Petros reported taxable income in 20X2 of $150,000, which included the following transactions: In June 20X2, Joan sold 100 shares of stock for...

Joan Petros reported taxable income in 20X2 of $150,000, which included the following transactions:

1. In June 20X2, Joan sold 100 shares of stock for $40 per share. She had purchased them three months earlier for $30 per share.
2. In October 20X2, Joan sold 200 shares of stock for $79 per share. She had purchased them three years earlier for $67 per share.

Joan had no dividend income in 20X2.