habled: Final Examination S$24$

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K sold $3,000$ shares of a public company for $$12,000.$ Before the sale, K owned $10,000$ shares; an initial $4,000$ were purchased for $$4,000$ and an additional $6,000$ were purchased for $$18,000$ twenty days before the sale. What amount is to be reported in net income for tax purposes?

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