Kevin purchases

Font 13-53 Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2017, for $300,000. On December 12, 2017, Kevin purchases an additional 750 shares of Bluebird stock for $210,000. According to market quotations, Bluebird stock is selling for $285 per share on December 31, 2017. Kevin sells 500 shares of Bluebird stock on March 1, 2018, for $162,500. Green Highlightsrequirevourinput-Notes some #'s may be so 8 9 a. What is the adjusted basis of Kevin's Bluebird stock on December 31, 2017 Purchase Purchase $ Qty 1,000 750 10 Date Each Purchase $ $3 $280 00 $300,000 $210,000 12 13 b. What is Kevin's recognized gain or loss from the sale of Bluebird stock on 14 March 1, 2018, assuming that the shares sold are from the shares purchased on December 12, 2017? Price/Cost 15 _Total Qty Sold Each PHce/Cost 16 Date 18 20 21 c. What is Kevin's recognized gain or loss from the sale of Bluebird stock on 22 March 1, 2018, assuming that Kevin cannot ately identify the shares sold? Price/Cost Each Total Price/Cost Date Qty Sold 26 28 31 32