24. Eight years ago, SW Purchased 1,000 shares of Delta stock. On May 20 of the current year, it sold these shares for $90 per share. In each of the following cases, compute SW's recognized gain or loss on this sale: a. SW's cost basis in the 1,000 shares was $104 per share. It did not purchase any other Delta shares during this year. b. SW's cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on May 1 for $92 per share. c. SW's cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share. d. SW's cost basis in the 1,000 shares was $79 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share.