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 $11/21/19941,020$ $ $24,480$

Stock A $3/18/20005109,180$

Stock A $5/22/200977027,720$

On October $12,2020,$ he sold $1,230$ 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?