Question 13 (2 points) Gabriel, a calendar year taxpayet owns 100 shares of Google Stock, which was purchased three years ago for $5,000. Gabriel sells alt 100 shares on December 27, of the current year, for $4,000 wnd then repurchases 100 shares of Google Stock on December 25 of the current year for $4,100. What is this basis in the stock that the purchased on December 287 Hint. If you watched the wash sale video explanation I posted to D2L. you should be able to get this right! a) $0 b) $4.100 c) $4,000 d) $5,000 e) $5.100 Question 14 (2 points) Smith Corporation was incorporated in 2016. They had the following operating income and losses in 2016 through 2019: 2016: Loss of $20,000 2017: Income of $35,000 2018: Loss $65,000 2019 (expected): Income 65,000 Which of the following statements are correct? I. Smith will pay no tax in 2016 II. Smith could elect to reduce 2017 income down to 0. III. Smith will pay no tax in 2018. IV. Smith will pay no tax in 2019. a) Statement I only is correct b) Statements I and III are correct Oc) Statements I, III, and IV are correct d) Statements I, II, III, and I are correct