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Exercise 16-16 (Algorithmic) (LO. 4) Shen purchased corporate stock for $108,850 on April 10, 2018. On July 14, 2020, when the stock was worth $65,310,

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Exercise 16-16 (Algorithmic) (LO. 4) Shen purchased corporate stock for $108,850 on April 10, 2018. On July 14, 2020, when the stock was worth $65,310, Shen died and his son, Mijo, inherited the stock. Mijo sold the stock for $76,195 on November 12, 2020. What is the amount and character of Mijo's gain or loss? He has a $

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