1. Danny purchased 100 shares of Southern Corp. stock for $50,000 on February 1 of the prior year. On February 8 of the current year, Danny sold 100 shares of Southern for $35,000. Ten days later, Danny purchased 100 shares of Southern for $30,000. What is the amount of Dannys recognized gain or loss?

   1. $5,000

   2. $15,000

   3. $0

   4. $20,000