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 7/10/2012 400 $ 12,000 4/20/2013 300 10,750 1/29/2014 500 12,230 11/02/2016 250 7,300 If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations.

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

Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. She uses the specific identification method and she wants to minimize her current-year capital gain