Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:

Date Purchased Shares Basis

7/10/2009 620 $ 32,240

4/20/2010 520 30,056

1/29/2011 720 32,832

11/02/2013 470 24,064

If Dahlia sells 1,460 shares of Microsoft for $105,120 on December 20, 2019, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.)

a. She uses the FIFO method.

b. She uses the specific identification method and she wants to minimize her current year capital gain.