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
7/10/2011	400	$ 12,000
4/20/2012	300	10,750
1/29/2013	500	12,230
11/02/2015	250	7,300

If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2021, 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.