answer a and b

Required information Problem 7-42 (LO 7-2) (Algo) The following information applies to the questions displayed below) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 630 530 730 480 Basis $33,390 31,164 34,018 25,056 If Dahlia sells 1,490 shares of Microsoft for $108,770 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) Problem 7-42 Part-a (Algo) a. She uses the FIFO method. Capital gain Required information Problem 7-42 (LO 7-2) (Algo) (The following Information applies to the questions displayed below) Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years Date Purchased 7/10/2010 4/20/2011 1/29/2012 11/02/2014 Shares 630 530 730 480 Bani $ 33,390 31,164 34,018 25,056 If Dahlia sells 1,490 shares of Microsoft for $108,770 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) Problem 7-42 Part-b (Algo) b. She uses the specific identification method and she wants to minimize her current-year capital gain