Omar has the following stock transactions during 2019: Stock Basis Selling Price Date Number of Purchased/ Sold Shares Sold Number of Shares Purchased Orange Blue Yellow Blue Yellow Blue Yellow 1/2017 6/2017 4/2018 2/2019 3/2019 7/2019 11/2019 100 200 50 150 175 $ 1,000 3,000 1,250 1,800 5,250 250 200 $ 3,500 7,200 a. What is Omar's recognized gain or loss on the stock sales if his objective is to minimize the recognized loss? b. What is Omar's recognized gain or loss if he does not identify the shares sold