Damien receives 1,000 shares of Annapoli Corporation stock from his aunt on May 20, 2022, as a gift when the stock has a $190,000 fair market value (FMV). His aunt purchased the stock in 2012 for $110,000. The taxable gift is $190,000 because she made earlier gifts to Damien during 2022 and used the annual exclusion. She paid a gift tax of $29,450 on the gift of Annapoli stock to Damien. Damien also inherited 600 shares of T-Bone Corporation preferred stock when his uncle died on November 12, 2021, when the stock's FMV was $54,000 His uncle purchased the stock in 2000 for $42,000. Read the requirements a. Determine the gain or loss on the sale of Annapoli and T-Bone stock on December 15, 2022 if Annapoli stock was sold for $191,500, and T-Bone stock was sold for $56,500 (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Use a minus sign or parentheses to enter a loss. Enter a "0" if there is no gain or loss.) Investment Annapoli T-Bone Scenario a. Investment Gain (loss) b. Determine the gain or loss on the sale of Annapoli and T-Bone stock on December 15, 2022 if Annapoli stock was sold for $188,100, and T-Bone stock was sold for $43,700 (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Use a minus sign or parentheses to enter a loss. Enter a "0" if there is no gain or loss) Scenario b. Gain (loss)

b. Determine the gain or loss on the sale of Annapoli and T-Bone stock on December 15, 2022 if Annapoli stock was sold for $188,100, and T-Bone stock was sold for $43,700 (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dolat Use a minus sign or parentheses to enter a loss. Enter a "O" if there is na gain of loss.) c. Assume the same as in Parta except his aunt purchased Annapoli stock for $225,000 and his uncle purchased T-Bone stock for $67,200 (Do not round intermediary caiculations. Only round the amount you input in the cell to the nearest dollar Use a minus sign or parentheses to enter a loss. Enter a "0" if there is ne gain or losss) b. Determine the gain or loss on the sale of Annapoli and T-Bone stock on December 15, 2022 if Annapoli stock was sold for $188,100, and T-Bone stock was sold for $43,700 (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dolat Use a minus sign or parentheses to enter a loss. Enter a "O" if there is na gain of loss.) c. Assume the same as in Parta except his aunt purchased Annapoli stock for $225,000 and his uncle purchased T-Bone stock for $67,200 (Do not round intermediary caiculations. Only round the amount you input in the cell to the nearest dollar Use a minus sign or parentheses to enter a loss. Enter a "0" if there is ne gain or losss)