Broward Corp. Owns 1,500 shares of Silver Fox Corporation common stock. Broward Corp. purchased the 1,500 shares on April 17, 2009, for $20,000. On December 8, 2014, Broward Corp. sells 750 shares for $5,000. On January 2, 2015, Broward Corp. buys 250 shares of Silver Fox Corporation common stock $1,750 and 50 shares of Silver Fox Corporation preffered stock for $1,000. The preffered stock is nonvoting, nonconvertible.

a. What is Broward's realized and recognized loss on December 8 sale of stock?

b. What is Broward's basis and the holding periods of the stocks?