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Mom purchases 100 shares of APL stock on 1/1/2020 for $10,000. Mom sells 100 shares of APL stock to Son on 6/1/2023 for $8,000. Son

Mom purchases 100 shares of APL stock on 1/1/2020 for $10,000. Mom sells 100 shares of APL stock to Son on 6/1/2023 for $8,000. Son sells stock to Friend on 9/1/2023 for $9,500.

a. What is Mom's gain or loss recognized on the sale to Son on 6/1/2023?

b. What is Son's gain or loss recognized on the sale to Friend on 9/1/23?

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