Eight years ago, sw purchased 1,400 shares of Delta stock. On May 20 of the current year, it sold these shares for $78 per share. In each of the following cases, compute SW's recognized gain or loss on this sale: a. SW's cost basis in the 1,400 shares was $86 per share. It did not purchase any other Delta shares during this year. b. SW's cost basis In the 1,400 shares was $86 per share. It purchased 1,600 shares of Delta on May 1 for $80 per share. C. SW's cost basis in the 1,400 shares was $86 per share. It purchased 1,600 shares of Delta on June 8 for $80 per share. d. SW's cost basis In the 1,400 shares was $73 per share. It purchased 1,600 shares of Delta on June 8 for $80 per share