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can you please solve this with an explanation 8) Aya bought 1,000 shares of Smile Corporation stock for $6,100 on January 17, 2017 On December
can you please solve this with an explanation
8) Aya bought 1,000 shares of Smile Corporation stock for $6,100 on January 17, 2017 On December 31, 2019, Aya sold all 1,000 shares of her Smile stock for $5,050. Based on a tip from her friend, Aya bought 1,000 shares of Smile stock on January 22, 2020, for $3,275. What is Aya's recognized loss on her 2019 sale, and what is the basis in the 1,000 shares purchased in 2020, respectively? I A $630 LTCL and $3,695 basis. B. $420 LTCL and $3,905 basis. C. $1,050 LTCL and $3,275 basis. D. $840 LTCL and $3,485 basis. E. $-O-LTCL and $4,325 basis
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