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Required information The following information applies to the questions displayed below) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock A Stock A Stock A Data Purchased 11/21/1994 3/18/2000 5/22/2009 Number of Shares 1,040 520 790 Adjusted Basis $ 24,960 9,360 28, 440 On October 12, 2020, he sold 1.260 of his shares of Stock A for $38 per share. - b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 790 shares from the 5/22/2009 purchase and 470 shares from the 11/21/1994 purchase? Gain or loss to be recognized