Current Attempt in Progress Vaughn Corporation purchased 1130 shares of Cullumber common stock ($50 par) at $80 per share as a short-term investment. The shares were subsequently sold at $77 per share. The cost of the securities purchased and gain or loss on the sale were Cost Gain or Loss O $56500 $3390 gain O $90400 $3390 gain O $90400 $3390 loss $56500 $3390 loss eTextbook and Media