Ms. Johnson bought 1,000 shares of ABC Corporation stock for $5,000 on January 15, 2016. On December 31, 2018 she sold all 1,000 shares of her ABC stock for $4,500. Based on a hot tip from her friend, she bought 1,000 shares of ABC stock on January 23, 2019 for $3,000. What is Ms. Johnson's recognized loss on her 2018 sale and what is her basis in her 1,000 shares purchased in 2019?

Multiple Choice $-0- LTCL and $3,500 basis. $400 LTCL and $3,100 basis. $300 LTCL and $3,200 basis. $500 LTCL and $3,000 basis. $200 LTCL and $3,300 basis.