0 Required information [The following information applies to the questions displayed below) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock Stock Stock Date Purchased 11/21/1995 3/18/2001 5/22/2010 Number of Shares 1,090 545 840 Adjusted Basis $ 26,160 9,810 30, 240 On October 12, 2021, he sold 1,335 of his shares of Stock A for $38 per share. a. How much gain/loss will George have to recognize if he uses the FIFO meth accounting shares sold? Gain or loss to be recognized Required information [The following information applies to the questions displayed below.) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Date Number of Adjusted Purchased Shares Basis Stock A 11/21/1995 1,090 $ 26,160 Stock 3/10/2001 545 9,810 Stock A 5/22/2010 840 30, 240 On October 12, 2021, he sold 1,335 of his shares of Stock A for $38 per share. b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 840 shares from the 5/22/2010 purchase and 495 shares from the 11/21/1995 purchase? Gain or loss to be recognized