Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,400 on January 15, 2019. On December 31, 2021, she sold all 1,000 shares of her Ibis stock for $4,700. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2022 for $3,100. What is Ms. Fresh's recognized loss on her 2021 sale, and what is her basis in her 1,000 shares purchased in 2022?

		$0 LTCL and $3,800 basis.
		$280 LTCL and $3,520 basis.
		$420 LTCL and $3,380 basis.
		$560 LTCL and $3,240 basis.