Leo diCapricorn has the following transactions. Leo purchased 3,500 shares of stock on January 15, 2008 at $15 per share. Leo purchased an additional 1,500 shares of stock in the same company on June 15, 2008 at $25 per share. Leo was given 750 shares of stock in the same company by his grandmother on December 15, 2008. His grandmother passed away on December 30, 2008, leaving all of her remaining assets to Leo and his brother Sheldon. They each received 2,000 shares of stock in the same company. The value of the company stock on December 15 was $20 per share and the value on December 30 was $30 per share. Their grandmother was the founder of the company and paid $1 per share for all of her shares in the company. Leo did not want to run the company and so began selling his shares in January 2009. On January 22, 2009, Leo sold 4,000 shares for $35 per share. On December 15, 2009 Leo sold an additional 2,000 shares for $5 per share (after Sheldon had run the business into the ground).

Required: Calculate each gain or loss on the above transactions and determine the net total includible in Leos taxable income for 2009. Also calculate how many shares, if any Leo has left and what is his basis in those shares as of the end of 2009.