47. George bought the following amounts of Stock A over the years: Date Purchased Number of Shares Adjusted Basis Stock A 11/21/1994 Stock A 3/18/2000 Stock A 5/22/2009 1,000 500 750 $24,000 9,000 27,000 On October 12, 2020, he sold 1,200 of his shares of Stock A for $38 per share. a) How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? 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 750 shares from the 5/22/2009 purchase and 450 shares from the 11/21/1994 purchase