5 Eight years ago, SW purchased 1,675 shares of Delta stock. On May 20 of the current year, it sold these shares for $56 per share. In each of the following cases, compute SW's recognized gain or loss on this sale: 16.66 points a. SW's cost basis in the 1,675 shares was $65 per share. It did not purchase any other Delta shares during this year. b. SW's cost basis in the 1,675 shares was $65 per share. It purchased 1,875 shares of Delta on May 1 for $58 per share. c. SW's cost basis in the 1,675 shares was $65 per share. It purchased 1,875 shares of Delta on June 8 for $58 per share. d. SW's cost basis in the 1,675 shares was $50 per share. It purchased 1,875 shares of Delta on June 8 for $58 per share. eBook Amount a Print b C d. References