Required information Problem 7-42 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2012 570 $ 26,790 4/20/2013 470 24,816 1/29/2014 670 27,202 11/02/2016 420 19,404 If Dahlia sells 1,310 shares of Microsoft for $87,770 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. Problem 7-42 Part-a (Algo) a. She uses the FIFO method. b. She uses the specific identification method and she wants to minimize her current-year capital gain.