Mr. Franklin Sharp owns 750 shares of Guard Inc. They have an adjusted cost base of $21.50 per share. On June 15, 2020, he sells all of these shares at $13.75 per share. On June 21, 2020, he acquires 400 shares of Guard Inc. at a cost of $12.15 per share and is still holding the shares at the end of the year. What are the tax consequences of these transactions?