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 Basis Date Shares stock 11/21/1993 1,220 Purchased $29, 280 stock 3/18/1999 610 10,980 Stock 5/22/2008 970 34,920 On October 12, 2019, 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 5/22/2008 purchase and 560 shares from the 11/21/1993 purchase? Gain or loss to be recognized