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.) Stock A Stock Stock Date Number of Purchased Shares 11/21/1993 1,210 3/18/1999 605 5/22/2008 960 Adjusted Basis $ 29,040 10,890 34,560 On October 12, 2019, he sold 1,515 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