Jeff Dixie owns 1,250 shares of Artic Wolf Corporation common stock. Jeff purchased the 1,250 shares on April 17, 2011, for $30,000. On December 8, 2019, Jeff sells 500 shares for $9,600. On January 2, 2020, Jeff buys 150 shares of Artic Wolf Corporation common stock for $2,850 and 125 shares of Artic Wolf Corporation preferred stock for $2,000. The preferred stock is nonvoting, nonconvertible. Read the requirements. Requirement a. What is Jeff'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.) Jeff has a realized loss of Jeff has a recognized loss of $ 2,400 $ 1,680 Requirement b. What is his basis and the holding periods of the shares purchased in 2011 and in 2020? 150 shares of Artic Wolf common stock Remaining 750 shares of Artic Wolf common stock 125 shares of Artic Wolf preferred stock Basis Holding period begins