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) Number of Adjusted Purchased Shares Basis Stock A 11/21/1995 1,220 $ 29, 280 Stock A 3/18/2001 610 10,980 Stock A 5/22/2010 970 34,920 Date On October 12, 2021, he sold 1,530 of his shares of Stock A for 38 per share, accounting for the shares sold? o. How much gain/loss will George have to recognize if he uses the FIFO method Gain or loss to be recognized 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.) Date Number of Adjusted Purchased Shares Basis Stock A 11/21/1995 1,220 $ 29,230 Stock A 3/18/2001 610 10,980 Stock A 5/22/2010 970 34,920 On October 12, 2021, he sold 1,530 of his shares of Stock A for $38 per share 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 970 shares from the 5/22/2010 purchase and 560 shares from the 11/21/1995 purchase? Gain or loss to be recognized