76. Omar has the following stock transactions during 2019: Stock Date Number of Number of Purchased/ Sold Shares Sold Basis Selling Price Number of Shares Purchased 100 200 Orange Blue Yellow Blue Yellow Blue Yellow 1/2017 6/2017 4/2018 2/2019 3/2019 7/2019 11/2019 50 $ 1,000 3,000 1,250 1,800 5,250 150 175 250 200 a. What is Omar's recognized gain or loss on the stock sales of his objective is to minimize the recognized loss? $ 3,500 7,200 b. What is Omar's recognized gain or loss if he does not identify the shares sold