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

Note: Loss amounts should be indicated with a minus sign.

Date Purchased Number of Shares Adjusted Basis

Stock A $11/21/19971,000$ $ $24,000$

Stock A $3/18/20035009,000$

Stock A $5/22/201275027,000$

On October $12,2023,$ he sold $1,200$ of his shares of Stock A for $$38$ per share.

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

b$.$ How much gain or 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 $5/22/2012$ purchase and $450$ shares from the $11/21/1997$ purchase?