In 2014, Mr. Dale paid $20,700 for 2,300 shares of GKL Mutual Fund and elected to reinvest his year-end dividends in additional shares. In 2014 and 2015, he received Form 1099s reporting the following: (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

	Dividends Reinvested	Shares Purchased	Price per Share	Total Shares Owned
2014	$3,335	354	$9.421	2,654
2015	3,981	375	10.616	3,029

a. Assume the taxable year is 2016, if Mr. Dale sells his 3,029 shares for $13 per share, compute his recognized gain.

b. Assume the taxable year is 2016, if he sells only 550 shares for $13 per share and uses the FIFO method to determine basis, compute his recognized gain.

c. Assume the taxable year is 2016, if he sells only 550 shares for $13 per share and uses the average basis method, compute his recognized gain.