In 2009, SW purchased 1,000 shares of Delta stock. On May 20 of the current year it sold these shares for $90 per share. In each case in which SW purchased 1,200 Delta shares, compute its tax basis in the shares.

a. SWs cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on May 1 for $92 per share.

b. SWs cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share.

c. SWs cost basis in the 1,000 shares was $79 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share.

PLEASE NOTE SOME ANSWERS ON CHEGG ALREADY HAVE THE GAIN OR LOSS, I AM INTERESTED IN THE BASIS! PLEASE DON'T REPOST OTHER ANSWERS ALREADY ON CHEGG AS I HAVEN'T YET FOUND A CORRECT ANSWER FOR THIS QUESTION