2. On November 14, 2018, Noel sells 2,000 shares of Marker, Inc., stock for $8,000. He had purchased the stock 2 years earlier for $10,000. Because he believes the price of the stock has bottomed out and may start to rise, Noel purchases additional shares of Marker stock on December 10, 2018. What are the tax effects (i.e., amount of deductible loss) of the sale of the stock and the basis in the new shares if Noel- Deductible Loss Total basis in new shares a. Repurchases 2,000 shares for $7,000? b. Repurchases 1,000 shares for $3,500