Deirdre sold 182 shares of stock to her brother, James, for $5,096. Deirdre purchased the stock several years ago for $8,008.

Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable.

b. What amount of gain or loss does James recognize if he sells the stock for $8,554?

What is the recognized gain or loss?

c. What amount of gain or loss does James recognize if he sells the stock for $7,280?

What is the recognized gain or loss?

d. What amount of gain or loss does James recognize if he sells the stock for $4,550?

What is the recognized gain or loss?