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Juan owned 400 shares of Circle Corporation stock (adjusted basis of $178,000). He sold 200 shares for $71,200. Twenty days later he purchased 200 shares

Juan owned 400 shares of Circle Corporation stock (adjusted basis of $178,000). He sold 200 shares for $71,200. Twenty days later he purchased 200 shares of the same stock for $53,400. What is Juan's realized and recognized loss? What is his basis in the newly acquired shares? Please show work.

Juan has a realized loss of $_________ that recognized. His basis in the newly acquired stock is $_________.

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