On August 15, 2006 Camille received 10,000 shares of common stock of Albatross, Inc. as a gift from her grandfather. At the time of the gift, the stock had a FMV of $75,300 ($7.53 per share) and an adjusted basis of $110,175 ($11.02 per share) to her grandfather. Camille's grandfather had purchased the stock in 1995. This transaction was not subject to gift tax. On August 15, 2019, she sold 4,200 shares of Albatross, Inc. stock. Compute the amount of her realized gain and recognized gain or loss for each of the following situations? Specifically state the amount and character (STCL or LTCL) of any capital gain or loss. Show any loss in parentheses ( ). a. The stock was sold for $12.25 per share' Amount Realized Adjusted Basis Realized Gain (loss) Recognized Gain (loss) Short Term or Long Term b. The Stock was sold for $5.50 per share. Amount Realized Adjusted Basis Realized Gain (loss) Recognized Gain (loss) Short Term or Long Term