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11. Atlantis LLC purchased 600 shares of common stock, $27 par, for $28,500. Later Atlantis sold 150 shares for $52 per share. What is the

11. Atlantis LLC purchased 600 shares of common stock, \$27 par, for \$28,500. Later Atlantis sold 150 shares for $52 per share. What is the gain or loss on the sale? a. $2,850 Gain b. $7,125 Gain c. $675Loss d. \$675 Gain e. None of the above. 12. Hazel Eyes purchased 1,000 shares of Heston Industries common stock. The stock sold for $55 a share plus a brokerage fee of $325. What is the correct journal entry for this investment

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