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In 2012, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to automatically reinvest dividends in additional shares of the fund.

In 2012, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to automatically reinvest dividends in additional shares of the fund.

In 2013 and 2014, she received Form 1099s reporting theinformation shownin the table below:

Reinvested Purchased Share Owned
2013 $4800 240 $20 3240
2014 $3150 150 $21 3390

If Mrs. Owens sells 1,000 shares in 2014 for $23 per share and uses the average basis method, compute her recognized gain on the shares sold.

$4,910

$5,333

$5,910

$6,333

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