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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

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 11/21/1994 1,200 $ 28,800
Stock A 3/18/2000 600 10,800
Stock A 5/22/2009 950 34,200

On October 12, 2020, he sold 1,500 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?

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