Omar has the following stock transactions during 2015: Stock Date purchased Number of shares sold Number of shares Basis Selling price Orange 1/2013 100 $1,000 Blue 6/2013 200 3,000 Yellow 4/2014 50 1,250 Blue 2/2015 150 1,800 Yellow 3/2015 175 5,250 Blue 7/2015 250 $3,500 Yellow 11/2015 200 7,200 a. What is Omars recognized gain or loss on the stock sales if his objective is to minimize the recognized gain and to maximize the recognized loss? b. What is Omars recognized gain or loss if he does not identify the shares sold?