2.In January, Lance sold stock with a cost basis of $26,000 to his brother, James, for $24,000, the fair market value of the stock on the date of sale. Five months later, James sold the same stock (b)What is the amount, if any, of James' gain or loss to be reported? (a)What is the amount, if any, of Lance's gain or loss to be reported? through his broker for $27,000. What is Al's AGI? OO