Mahan purchases 1,000 shares of Bluebird Corporation stock on October 3, 2022, for $400,000. On December 12, 2022, Mahan purchases an additional 750 shares of Bluebird stock for $280,000. According to market quotations, Bluebird stock is selling for $400 per share on 12/31/22. Mahan sells 500 shares of Bluebird stock on March 1, 2023, for $224,000. In your computations, round the per share amount to the nearest whole dollar and use the rounded amount in subsequent computations.

a. What is the adjusted basis of Mahans Bluebird stock on December 31, 2022?

b. What is Mahan's recognized gain or loss from the sale of Bluebird stock on March 1, 2023, assuming the shares sold are from the shares purchased on December 12, 2022?

Mahan's recognized Mahan has a recognized (GAIN OR LOSS) is $

c. What is Mahan's recognized gain or loss from the sale of Bluebird stock on March 1, 2023, assuming Mahan cannot adequately identify the shares sold?

Mahan has a recognized (GAIN OR LOSS) is $