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A B and C please :) 396 In 2019, Mr. Dale paid $45,600 for 3,800 shares of GKL Mutual Fund and elected to reinvest his

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A B and C please :)
396 In 2019, Mr. Dale paid $45,600 for 3,800 shares of GKL Mutual Fund and elected to reinvest his year-end dividends in additional shares. In 2019 and 2020, he received Form 1099s reporting the following: Dividends Shares Price per Total Shares Reinvested Purchased Share Owned 2019 $5,510 341 $16.158 4,141 2020 6,212 15.687 4.537 Assume the taxable year is 2021. Required: a. If Mr. Dale sells his 4,537 shares for $16 per share, compute his recognized gain. b. If he sells only 1,300 shares for $16 per share and uses the FIFO method to determine basis, compute his recognized gain, c. If he sells only 1,300 shares for $16 per share and uses the average basis method, compute his recognized gain. Complete this question by entering your answers in the tabs below. Required A Required B Required If Mr. Dale sells his 4,537 shares for $16 per share, compute his recognized gain. Recognized gain Required> In 2019, Mr. Dale paid $45,600 for 3,800 shares of GKL Mutual Fund and elected to reinvest his year-end dividends in additional shares. In 2019 and 2020, he received Form 1099s reporting the following: Dividends Shares Price per Total Shares Reinvested Purchased Share Owned 2019 $5,510 341 $16.158 4,141 2020 6,212 396 15.687 4,537 Assume the taxable year is 2021. Required: a. If Mr. Dale sells his 4,537 shares for $16 per share, compute his recognized gain. b. If he sells only 1,300 shares for $16 per share and uses the FIFO method to determine basis, compute his recognized gain. c. If he sells only 1,300 shares for $16 per share and uses the average basis method, compute his recognized gain, Complete this question by entering your answers in the tabs below. Required A Required B Required If Mr. Dale sells his 4,537 shares for $16 per share, compute his recognized gain. Recognized gain Required)

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