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Over the past 25 years, Jetson has purchased 380 shares of Lavender, Inc. common stock. Jetson's first purchase was in 1994 when 30 shares were

Over the past 25 years, Jetson has purchased 380 shares of Lavender, Inc. common stock. Jetson's first purchase was in 1994 when 30 shares were acquired for $20 a share. In 1996, Jetson bought 150 shares at $10 a share. In 2015, Jetson acquired 200 shares at $50 a share. Jetson intends to sell 125 shares at $60 per share in the current year. If Jetson's objective is to minimize gain, what is the recognized gain? 


a. $5,950 b. $7,500 c. $3,520 d. $6,250 e. $1,250

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