Problem $12-60($LO $12-5)$

Crystal owns $150$ shares of Carson Incorporated stock that has an adjusted basis of $$100,000.$ On December $18,2022,$ she sells th $150$ shares for FMV $($ $$88,000).$ On January $7,2023,$ she purchases $200$ shares of Carson stock for $$127,500.$

Required:

a$.$ What are Crystal's realized and recognized gain or loss on the sale of the $150$ shares sold on December $18,2022?$

b$.$ What is Crystal's adjusted basis for the shares purchased on January $7,2023?$

c$.$ How would your answers in parts $($a$)$ and $($b$)$ change if she purchased only $100$ shares for $$98,000$ in January? Note: Do not round intermediate computations.

Note: For all requirements, if no gain or loss is recognized, select $"$No gain or loss".

$\backslash$table$[[,,$Amount$],[$a$.,,],[$a$.,,],[$b$.,$Adjusted basis of shares,$],[$c$.,,],[$c$.,,],[$c$.,$Adjusted basis of shares,$]]$