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Problem 12-60 (LO 12-5) Crystal owns 201 shares of Carson Inc. stock that has an adjusted basis of $143,715. On December 18, 2019, she sells

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Problem 12-60 (LO 12-5) Crystal owns 201 shares of Carson Inc. stock that has an adjusted basis of $143,715. On December 18, 2019, she sells the 201 share for FMV ($128,640). On January 7, 2020, she purchases 268 shares of Carson stock for $200,732 Required: a. What are Crystal's realized and recognized gain or loss on the sale of the 201 shares sold on December 18, 2019? b. What is Crystal's adjusted basis for the 268 shares purchased on January 7, 2020? c. How would your answers in (a) and (b) change if she purchased only 134 shares for $105,190 in January? (Do not round intermediate computations.) (For all requirements, if no gain or loss is recognized, select "No gain/loss".) Amount a. b. Adjusted basis of shares C. Adjusted basis of shares

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