George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock A Stock A Stock A Date Purchased 11/21/1993 3/18/1999 5722/2008 Number of Shares 1,040 520 790 Adjusted Basis $ 24,960 9,360 28,440 On October 12, 2019, he sold 1260 of his shares of Stock A for $38 per share. a. How much gain/loss will George have to recognize if he uses the RFO method of accounting for the shares sold? Gain or loss to be recognized George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock A Stock A Stock A Date Purchased 11/21/1993 3/18/1999 5/22/2008 Number of Shares 1,840 520 799 Adjusted Basis $ 24,960 9,360 28,440 On October 12, 2019, he sold 1,260 of his shares of Stock A for $38 per share. 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 790 shares from the 5/22/2008 purchase and 470 shares from the 11/21/1993 purchase? Gain or loss to be recognized