29 Norris bought the following shares of stock last year. ut of Month Shares Total Cost March 50 $135 July 100 3001 October 300 $600 On December 15 of this year Norris sells 80 shares for $325. Norris cannot specifically identify the stock sold. The average basis per share for the 80 shares sold is Select one: O a. $92 b. $85.50 c. $120 d. None of the above e. $80 O f. $108 30 On 3/1/2018 Lucinda received land as a gift from her grandfather. At the time of the gift, the land had a FMV of $95,000. Her grandfather bought the land for $105,000 on 5/1/2016. The grandfather did not have any gift taxes due. On 8/1/2020. Lucinda sold the land for $120,000. What was her gain or (loss) on this transaction? of Select one: a. $15,000 O b. $10,000 c. no gain or loss O d. $25,000