one class of shares. Purchases and sales of shares in the first of these companies, Memo Inc., self Study problems. Assignment Problems Assignment Problem Eight - 1 Miss Wells has purchased the shares of two companies over the years. Each company has only (identical Properties) (The solutions for these problems are only available in the solutions manual that has been provided to your instructor.) Som 4 and 7 are as follows: February, 2015 purchase November, 2016 purchase 60 @ $24 April, 2017 purchase October, 2017 sale (68) @ September, 2019 purchase November, 2019 sale (53) @ Purchases and sales of shares in the second company, Demo Ltd., are as follows: April, 2018 purchase 200 @ $24 December, 2018 purchase 160 @ 33 July, 2019 sale (260) @ 36 90 @ 28 45 @ 30 36 22 @ 26 40 Required: A. Determine the cost to Miss Wells of the Memo Inc. shares that are still being held on December 31, 2019. 0000 B. Determine the taxable capital gain resulting from the July, 2019 disposition of the Demo Ltd. shares