Cid owns two lots of the same stock: the first lot of 100 was purchased five years ago for $4,000 and the second lot of 100 was purchased two years ago for $10,000. He wants to sell 50 shares and expects to receive $11,000. If he FAlLS to specifically identify the shares sold, how much gain will he recognize? $9,000. $6,000. None of the above. $7,500. Page 11 of 21