Jay Nassau owns 2,050 shares of Red Wolf Corporation common stock. Jay purchased the 2,050 shares on April 17, 2011, for $20,500. On December 8, 2018, Jay sells 1,400 shares for $7,280. On January 2, 2019, Jay buys 700 shares of Red Wolf Corporation common stock for $3,500 and 25 shares of Red Wolf Corporation preferred stock for $2,000. The preferred stock is nonvoting, nonconvertible. Read the requirements Requirement a. What is Jay's realized and recognized loss on the December 8 sale of stock? (Do not round intermediary calculations. Only round the amount you input in the input field to the nearest whole dollar.) Jay has a realized loss of Jay has a recognized loss of 0 Requirements a. What is Jay's realized and recognized loss on the December 8 sale of stock? b. What is his basis and the holding periods of the shares purchased in 2011 and in 2019? Print Done