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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	11/21/1996	1,020	$ 24,480
Stock A	3/18/2002	510	9,180
Stock A	5/22/2011	770	27,720

On October 12, 2022, he sold 1,230 of his shares of Stock A for $38 per share.

a. How much gain/loss will George have to recognize if he uses the FIFO method of accounting for the shares sold?

b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 770 shares from the 5/22/2011 purchase and 460 shares from the 11/21/1996 purchase?