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10. Mitch owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $15.000). On April 27, 2021, he sells 400 of these shares for

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10. Mitch owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $15.000). On April 27, 2021, he sells 400 of these shares for $5,200, while on May 5, 2021, he purchases 300 shares of Oriole Corporation for $3,600. a. What is Mitch's recognized gain or loss resulting from these transactions? b. What is Mitch's basis for the stock acquired on May 5, 2021? c. Could Mitch have obtained different tax consequences in a. and b. if he had sold the 400 shares on December 27, 2021, and purchased the 300 shares on January 5, 2022

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