Lois purchased the following blocks of Westgate Stock: Shares Date June 12, 2016 October 21, 2016 December 18, 2018 Price 1,320 $ 4.50 2,100 $ 4.70 1,950 $ 5.70 Required: a. Lois sold 2,050 shares of the stock on November 20, 2019, for $5.50 per share for a total of $11,275. Using the first-in, first-out method, determine the gain or loss on the sale of the Westgate stock. b. Using the specific identification method, what is the gain or loss on the sale of the Westgate stock if 970 of the shares sold were identified as being from the October 21, 2016, purchase and the remaining 1,080 shares from the December 18, 2018, purchase? (Do not round intermediate computations.) Amounts a. b