Requirements a. What is Mr. Cheeta's recognized gain or loss as a result of the sale on October 12 ? b. What are the basis and the holding period of the stock he continues to hold? c. How would your answers to Parts a and b change if the stock Cheeta purchases during 2022 is Highland nonvoting, nonconvertible, preferred stock instead of Highland common stock? October 12, he sells the original 5,000 shares acquired in 2011 for $72,500. On November 1 , he purchases an additional 3,000 shares for $27,000. Requirement a. What is Mr. Cheeta's recognized gain or loss as a result of the sale on October 12