A. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold?

B. Howmuch gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 950 shares from the 5/22/2009 purchase and 550 shares from the 11/21/1994 purchase?

George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock A Stock A Stock A Date Purchased 11/21/1994 3/18/2000 5/22/2009 Number of Shares 1,200 600 950 Adjusted Basis $28,800 10,800 34,200 On October 12, 2020, he sold 1,500 of his shares of Stock A for $38 per share