! Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) Christina, who is single, purchased 240 shares of Apple Inc. stock several years ago for $13,200. During her year-end tax planning, she decided to sell 120 shares of Apple for $6,000 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 120 shares (cost of $6,240) of Apple back before prices skyrocket. (Leave no answers blank. Enter zero if applicable.) Problem 7-53 Part-b (Algo) b. Assume the same facts, except that Christina repurchased only 60 shares for $3,120. What is Christina's deductible loss on the sale of 120 shares? What is her basis in the 60 new shares? Deductible loss Basis