Chrissy receives 200 shares of Chevron stock as a gift from her father. The stock cost her father $9,000 10 years ago and is worth $10,500 at the date of the gift.

a. If the stock is sold for $12,500, calculate the amount of the gain or loss on the sale. $________

b. If the stock is sold for $4,600, calculate the amount of the gain or loss on the sale.$_________