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

If Dahlia sells 800 shares of Microsoft for $40,000 on DEcember 20,2019, what is her capital gain or loss if:

a) she uses the FIFO method

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

Date Purchased Shares 7/10/2009 400 4/20/2010 300 1/29/2011 500 11/02/2013 250 Basis $12,000 10,750 12,230 7,300