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Required information Skip to question [ The following information applies to the questions displayed below. ] Dahlia is in the 3 2 percent tax rate

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[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 (Nasdaq: MSFT) over the years:
Date Purchased Shares Basis
7/10/2013560 $ 25,760
4/20/201446023,828
1/29/201566026,136
11/02/201741018,532
If Dahlia sells 1,280 shares of Microsoft for $84,480 on December 20,2023, what is her capital gain or loss in each of the following assumptions?
Note: Do not round intermediate calculations.
a. She uses the FIFO method.

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