12 Sale of Stock. (Obj. 1) Ima had the following purchases of common stock in the same company. share 400 shares at $10 per 2000 2003 100 shares at $20 per share 300 shares at $30 per share 200 shares at $40 per share 2006 2008 a. In 2018, Ima sold 500 shares at $35 per share. Assuming Ima did not identify which blocks of stock were sold, compute her recognized gain or loss on the sale. b. If Ima's objective is to minimize taxes and she could adequately identify which stock she was selling, which stock should she sell, and what is the recognized gain or loss that would result