Required information

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Dahlia is in the $32$ percent tax rate bracket and has purchased the

following shares of Microsoft common stock $($Nasdaq: MSFT$)$ over the

years:

If Dahlia sells $860$ shares of Microsoft for $$44,720$ 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