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Harold owns 200 shares of stock in Becker Corporation. His adjusted basis for the stock is $325,000. On December 15, 2017, he sells the stock

Harold owns 200 shares of stock in Becker Corporation. His adjusted basis for the stock is $325,000. On December 15, 2017, he sells the stock for $280,000. He purchases 300 shares of Becker Corporation stock on January 12, 2018, for $375,000. (If no gain or loss is recognized, select "No gain/loss".)

  1. What are Harolds realized and recognized gain or loss on the sale?
  2. What is Harolds adjusted basis for the 300 shares purchased on January 12, 2018?
  3. How would your answers in (a) and (b) change if he purchased only 170 shares for $182,750 in January? (Round any percentage computation to 2 decimal places. Round other computations to the nearest whole dollar value.)

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