David receives 700 shares of Aloha Corporation stock from his aunt on May 20, 2019, as a gift when the stock has a $126,000 FMV. His aunt purchased the stock in 2009 for $84,000. The taxable gift is $126,000 because she made earlier gifts to David during 2019 and used the annual exclusion. She paid a gift tax of $19,530 on the gift of Aloha stock to David. David also inherited 600 shares of BBQ Corporation preferred stock when his uncle died on November 12, 2018, when the stock's FMV was $48,000. His uncle purchased the stock in 1997 for $42,000. Read the requirements a. Determine the gain or loss on the sale of Aloha and BBQ stock on December 15, 2019 if Aloha stock was sold for $129,300, and BBQ stock was sold for $48,100, (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 a. Investment Gain (loss) Aloha BBQ b. Determine the gain or loss on the sale of Aloha and BBQ stock on December 15, 2019 if Aloha stock was sold for $123,800, and BBQ stock was sold for $44,200. (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) Investment Aloha BBQ C. Assume the same as in Part a except his aunt purchased Aloha stock for $154,000 and his uncle purchased BBQ stock for $84,000. (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 c. Gain (loss) Investment Aloha BBQ 1: Requirements Determine the gain or loss on the sale of Aloha and BBQ stock on December 15, 2019, under each alternative situation below. a. b. Aloha stock was sold for $129,300, and BBQ stock was sold for $48,100. Aloha stock was sold for $123,800, and BBQ stock was sold for $44,200. Assume the same as in Part a except his aunt purchased Aloha stock for $154,000 and his uncle purchased BBQ stock for $84,000. C. 2: Definition In Part a we assumed that the Aloha stock was sold for $129,300, and the BBQ stock was sold for $48,100