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I need help with b. Thank you! ! Required information [The following information applies to the questions displayed below.) George bought the following amounts of

image text in transcribedimage text in transcribedI need help with b. Thank you!

! Required information [The following information applies to the questions displayed below.) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Date Purchased Stock A 11/21/1994 Stock A 3/18/2000 Stock A 5/22/2009 Number of Adjusted Shares Basis 1,220 $ 29,280 610 10,980 970 34,920 On October 12, 2020, he sold 1,530 of his shares of Stock A for $38 per share. a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? Answer is complete and correct. Gain or loss to be recognized $ 23,280

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