On September 1, 1,500 shares of M Company stock are acquired at a price of $24 per share plus a $40 brokerage commission. This was less than 20% ownership in the stock of M Company. On October 4, a $.60-per-share dividend was received on the M Company stock and on November 11 of the same year, 750 shares (half) of M Company stock were sold for $20 per share less a $45 brokerage commission. When recording the journal entry for the sale of the 750 shares of M Company stock on November 11, would the company record a Gain on Sale of Investment or a Loss on Sale of Investment and for what amount?

Answer: Loss on Sale of Investments of $3,065

PLease show me the steps and the calculations for this problem.