During 2014, Roberto sold 1,020 shares of Casual Investor Mutual fund for $9.55 per share. The shares were purchased on the following dates: Date Shares Price May 31, 2010 490 $ 10.40 September 18, 2011 330 $ 8.70 October 21, 2011 540 $ 10.70 January 12, 2013 370 $ 8.20 Calculate the gain (loss) on the sale under the following assumptions:

a. Basis is calculated using the first-in, first-out method.

Basis is calculated using the single category average cost method (assume all shares are long-term). (Round "Average cost" to 3 decimal places. Round other intermediate computations and final answer to 2 decimal places.)