Mary had the following transactions involving BMN stock:

a. Determine Mary's gain or loss on each sale, assuming the shares are not specifically identified.
b. Determine Mary's gain or loss on the second sale if she specifically identifies the shares as coming from the November 5 of year 3 purchase.

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SHARES SHARES PURCHASED PRICE DATE July 2, year 2 April 9, year 3 May 4, year 3 November 5, year 3 April 12, year 4 SOLD PER SHARE TOTAL PRICE 150 250 $5.00 6.00 7.00 6.50 4.00 $750 1,500 1,400 1,300 600 200 200 150