George bought the following amounts of Stock A over the years:

	Date Purchased	Number of Shares	Adjusted Basis
Stock A	11/21/1991	1,000	$	24,000
Stock A	3/18/1997	500		9,000
Stock A	5/22/2006	750		27,000

On October 12, 2017, he sold 1,200 of his shares of Stock A for $38 per share. (Loss amounts should be indicated by a minus sign.)

a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold?

b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 750 shares from the 5/22/2006 purchase and 450 shares from the 11/21/1991 purchase?