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Kelsho sold 200 shares of Chic-Chic stock in 2020 for $23,000 and received o 1099-8 to record the sale of the shares Keisha's Investment portfolio

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Kelsho sold 200 shares of Chic-Chic stock in 2020 for $23,000 and received o 1099-8 to record the sale of the shares Keisha's Investment portfolio includes the following purchases of Chic-Chic's stock. 2011 2012 2013 2016 100 shares at $110 per share 50 shares at $120 per share 125 shares at $140 per share 75 shares at $135 per share Assuming Keisha does not identify which shares she sold, she will recognize Multiple Choice ( O no gain or loss. $500 gain. $1.000 gain. O $1,000 loss

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