Eight years ago, SW purchased $1,700$ shares of Delta stock. On May $20$ of the current year, it sold these shares for $$54$ per share.

Required:

In each of the following cases, compute SW$$s recognized gain or loss on this sale:

SW$$s cost basis in the $1,700$ shares was $$64$ per share. It did not purchase any other Delta shares during this year.

SW$$s cost basis in the $1,700$ shares was $$64$ per share. It purchased $1,900$ shares of Delta on May $1$ for $$56$ per share.

SW$$s cost basis in the $1,700$ shares was $$64$ per share. It purchased $1,900$ shares of Delta on June $8$ for $$56$ per share.

SW$$s cost basis in the $1,700$ shares was $$47$ per share. It purchased $1,900$ shares of Delta on June $8$ for $$56$ per share.