George bought the following amounts of Stock A over the years: $($Loss amounts should be indicated with a minus sign.$)$

Date Purchased Number of Shares Adjusted Basis

Stock A $11/21/19941,010$ $ $24,240$

Stock A $3/18/20005059,090$

Stock A $5/22/200976027,360$

On October $12,2020,$ he sold $1,215$ of his shares of Stock A for $$38$ per share.

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 $760$ shares from the $5/22/2009$ purchase and $455$ shares from the $11/21/1994$ purchase?