John Broward owns 1,500 shares of Silver Fox Corporation common stock. John purchased the 1,500 shares on April 17, 2011, for $21,000. On December 8, 2021, John sells 750 shares for $5,000. On January 2, 2022, John buys 250 shares of Silver Fox Corporation common stock for $1,750 and 50 shares of Silver Fox Corporation preferred stock for $1,000. The preferred stock is nonvoting, nonconvertible.
a. What is John’s realized and recognized loss on the December 8 sale of stock?
b. What is his basis and the holding periods of the shares purchased in 2011 and in 2022?