Required information Problem 7-47 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. {:[" Date "],[" Purchased "]:} {:[" Number of "],[" Shares "]:} {:[" Adjusted "],[" Basis "]:} Stock A 11//21//1997 1,050 $25,200 Stock A 3//18//2003 525 9,450 Stock A 5//22//2012 800 28,800 On October 12,2023 , he sold 1,275 of his shares of Stock A for $38 per share. Problem 7-47 Part-b (Algo) b. How much gain or loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 800 shares from the

Problem 7-47 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. On October 12, 2023, he sold 1,275 of his shares of Stock A for $38 per share. roblem 7-47 Part-b (Algo) . How much gain or loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 00 shares from the 5/22/2012 purchase and 475 shares from the 11/21/1997 purchase