In $2021,$ Mr$.$ Dale paid $$45,600$ for $3,800$ shares of GKL Mutual Fund and elected to reinvest his year$-$end dividends in additional shares. In $2021$ and $2022,$ he received Form $1099$s reporting the following:

$\backslash$table$[[,$Dividends,Shares,Price per,Total Shares$],[$Reinvested$,$Purchased,Share,Owned,$],[2021,$$$5,510,341,$$$16\mathrm{.}158,4,141],[2022,6,212,396,15\mathrm{.}687,4,537]]$

Assume the taxable year is $2023.$

Required:

a$.$ If $Mr.$ Dale sells his $4,537$ shares for $$16$ per share, compute his recognized gain.

b$.$ If he sells only $1,300$ shares for $$16$ per share and uses the FIFO method to determine basis, compute his recognized gain.

c$.$ If he sells only $1,300$ shares for $$16$ per share and uses the average basis method, compute his recognized gain.

Complete this question by entering your answers in the tabs below.

Required A

If Mr$.$ Dale sells his $4,537$ shares for $$16$ per share, compute his recognized gain

Recognized gain