George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus si Stock A Stock A Stock A Date Purchased 11/21/1993 3/18/1999 5/22/2008 Number of Shares 1,180 590 930 Adjusted Basis $ 28, 320 10,620 33,480 On October 12, 2019, he sold 1,470 of his shares of Stock A for $38 per share. Problem 7-47 Part-a o. How much gain/loss Will George have to recognize if he uses the FIFO method of accounting for the shares sold? Gain or loss to be recognized 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 930 shares from the 5/22/2008 purchase and 540 shares from the 11/21/1993 purchase? Gain or loss to be recognized