Problem 8-25 (Algorithmic) (LO. 3) Dennis sells short 150 shares of ARC stock at $8 per share on January 15, 2021. He buys 300 shares of ARC stock on April 1, 2021, at \$10 per share, On May 2, 2021, Dennis closes the short sale by delivering 150 of the shares purchased on April 1. a. What are the amount and nature of the loss upon closing the short sale? Dennis has loss in the amount of $ b. When does the holding period for the remaining shares begin? The holding period for the remaining shares begins on c. If Dennis sells (at $11 per share) the remaining 150 shares on January 20,2022 , what will be the nature of his gain or loss? Dennis has in the amount of s