Required information [The following information applies to the questions displayed below) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Adjusted Basis Date Number Purchased of Shares ock 11/21/1993 1,220 tock 3/18/1999 610 Stock 5/22/2008 970 $29, 280 10,980 34,920 On October 12, 2019, he sold 1,530 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? Gain or loss to be recognized