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Question 2: (a) Peter made the following acquisitions of ordinary shares in Acorn plc: Date Cost () Number of Shares 1,000 27 September 1999 3,500 28 July 2001 800 2,900 3 February 2006 600 3,000 5 July 2010 200 1,000 Compute the chargeable gain arising on 1 February 2020 when Peter sold 1,200 shares for 5 each, assuming that he made no further acquisitions within the next 30 days. (2 marks) (b) Gloria owns 10 acres of land. The land cost 100,000. Gloria sold 4 of the 10 acres for 350,000 net of 20,000 commission, when the remaining 6 acres were worth 400,000 Compute Gloria' chargeable gains arising on disposal of the asset. (6 marks)