Required information Problem 7-41 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) John bought 2,050 shares of Intel stock on October 18, 2016, for $51 per share plus a $750 commission he paid to his broker. On December 12, 2020, he sells the shares for $74.00 per share. He also incurs a $1,000 fee for this transaction. Problem 7-41 Part-a (Algo) a. What is John's adjusted basis in the 2,050 shares of Intel stock? Adjusted basis b. What amount does John realize when he sells the 2,050 shares? Sales realization c-1. What is the gain/loss for John on the sale of his Intel stock? c-2. What is the character of the gain/loss? Long-term capital loss O Short-term capital loss O Long-term capital gain O Short-term capital gain