Crystal owns 180 shares of Carson Inc. stock that has an adjusted basis of $135,000. On December 18, 2017, she sells the 180 shares for FMV ($125,100). On January 7, 2018, she purchased 240 shares of Carson stock for $189,840. (Is no gain or loss is recognized, select no gain/loss.)

A. What are crystals realized and recognized gain or loss on the sale of the 180 shares sold on December 18, 2017?

B. What is crystals adjusted basis for the 240 shares purchased on January 7, 2018?

C. How would your answers in (a) and (b) change if she purchased only 120 shares for $102,600 in January? (Do not round intermediate computations)

A. No gain/loss $0

Realized loss $9,900

B. Adjusted basis of shares ?

C. Recognized loss ?

Realized loss $9,900

Adjusted basis of shares ?