Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2009 4/20/2010 1/29/2011 11/02/2013 Shares 640 540 740 490 Basis $ 34,560 32,292 35, 224 26,068 If Dahlia sells 1,520 shares of Microsoft for $112,480 on December 20, 2019, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a. She uses the FIFO method. Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased 7/10/2009 4/20/2010 1/29/2011 11/02/2013 Shares 640 540 740 490 Basis $ 34,560 32,292 35, 224 26,068 If Dahlia sells 1,520 shares of Microsoft for $112,480 on December 20, 2019, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) b. She uses the specific identification method and she wants to minimize her current year capital gain