Helmut purchases 100 shares of stock in Caisson Corporation for $1,000 in Year 1. On December 1 of Year 2, he purchases an additional 100 shares in the company for $1,500. On December 28 of Year 2, Helmut sells the 100 shares acquainted in Year 1 for $1,200. What is Helmut's recognized gain or loss from the December 28 sale, and what is his resulting basis in the stock purchased on December 1 of Year 2?

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Resulting Basis in December 1 Recognized Gain or Loss on Sale Purchase a. sO $1,800 so b. $1,200 $300 loss C. $1,200 $200 gain d. $1,500 b. d.