+ Required information George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. Stock A Date Purchased 11/21/1996 Number of Shares 1,050 Adjusted Basis $ 25,200 Stock A Stock A 3/18/2002 5/22/2011 525 800 9,450 28,800 On October 12, 2022, he sold 1,275 of his shares of Stock A for $38 per share. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? Gain or loss to be recognized