help

7 Questions Help Save & Exit Submit Check my work Lois purchased the following blocks of Westgate Stock: Sh June 12, 2015 october 21, 2015 December 18, 2017 1,100 3.40 1,770 $ 3.60 1,400 4.60 a. Lois sold 1,500 shares of the stock on November 20, 2018 for $4.40 per share for a total of $6,600. Using the first-in, first-out method, what is the gain or loss on the sale of the Westgate stock? es b. Using the specific identification method, what is the gain or loss on the sale of the Westgate stock if 640 of the shares sold were identified as being from the October 21, 2015, purchase and the remaining 860 shares from the December 18, 2017, purchase? (Do not round intermediate computations. Round your final answers to 2 decimal places.) a. Long-term gain S150