Required information Problem 7-53 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Christina, who is single, purchased 500 shares of Apple Incorporated stock several years ago for $21,000. During her year-end tax planning, she decided to sell 250 shares of Apple for $9,250 on December 30. However, two weeks later, Apple introduced its latest iPhone, and she decided that she should buy the 250 shares (cost of $9,750) of Apple back before prices skyrocket. Note: Leave no answers blank. Enter zero if applicable. Problem 7-53 Part-a (Algo) a. What is Christina's deductible loss on the sale of 250 shares? What is her basis in the 250 new shares? Answer is complete but not entirely correct. Deductible loss 0 Basis $ 125,000