Eight years ago, SW purchased 1,950 shares of Delta stock. On May 20 of the current year, it sold these shares for $34 per share. In each of the following cases, compute SWs recognized gain or loss on this sale: SWs cost basis in the 1,950 shares was $45 per share. It did not purchase any other Delta shares during this year. SWs cost basis in the 1,950 shares was $45 per share. It purchased 2,150 shares of Delta on May 1 for $36 per share. SWs cost basis in the 1,950 shares was $45 per share. It purchased 2,150 shares of Delta on June 8 for $36 per share. SWs cost basis in the 1,950 shares was $26 per share. It purchased 2,150 shares of Delta on June 8 for $36 per share.