Dale purchased the following blocks of Westgate Stock: Date June 12, 2019 October 21, 2019 December 18, 2021 a. Required: a. Dale sold 1,750 shares of the stock on November 20, 2022, for $4.90 per share for a total of $8,575. Using the first-in, first-out method, determine the gain or loss on the sale of the Westgate stock. b. Using the specific identification method, what is the gain or loss on the sale of the Westgate stock if 790 of the shares sold were identified as being from the October 21, 2019, purchase and the remaining 960 shares from the December 18, 2021, purchase? Note: Do not round intermediate computations. b. b. Long-term gain Long-term gain Short-term loss Shares 1,200 1,920 1,650 Answer is complete but not entirely correct. Amounts $ 1,640 $ 1,657 x 192 > Price $ 3.90 $ 4.10 $ 5.10 > ORO

Dale purchased the following blocks of Westgate Stock: Required: a. Dale sold 1,750 shares of the stock on November 20,2022 , for $4.90 per share for a total of $8,575. Using the first-in, first-out method, determine the gain or loss on the sale of the Westgate stock b. Using the specific identification method, what is the gain or loss on the sale of the Westgate stock if 790 of the shares sold were identified as being from the October 21,2019 , purchase and the remaining 960 shares from the December 18,2021 , purchase? Note: Do not round intermediate computations. Answer is complete but not entirely correct