42) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:

Date purchased shares basis

7/10/2010 400 12,000

4/20/2011 300 10,750

1/29/2012 500 12,230

11/2/2014 250 7,300

If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.)

A) She uses the FIFO method.

B) She uses the specific identification method, and she wants to minimize her current year capital gain.