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Leona owns 300 shares of Ross Industries. She acquired the shares on February 17, 2015, for $6,500. On September 17, 2017, she acquires another 200

Leona owns 300 shares of Ross Industries. She acquired the shares on February 17, 2015, for $6,500. On September 17, 2017, she acquires another 200 shares of Ross for $4,800. Two weeks later, a lawsuit is filed against Ross for patent infringement, and its stock price drops to $19 per share. Unsure of the outcome of the lawsuit, Leona sells 300 shares of the stock for $5,400 on October 12, 2017.

Note: Do not round intermediate calculations, but round final answers to the nearest dollar.

Leona has adisallowedloss of $_____on the sale of stock and arecognizedloss of $_____.

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