In 2016, Daryl sold 425 shares of Basketball Heaven Mutual Fund for $18,000. He made the following purchases of Basketball Heaven stock:

2010		275 shares @ $50 per share
2011		125 shares @ $48 per share
2012		100 shares @ $55 per share

Assuming Daryl uses the single category average cost method, he will realize:

$2,200.00 long-term loss.

$3,462.50 long-term loss.

$3,125.00 long-term loss.

$1,750.00 long-term loss.