Robert purchased 100 shares of TKO Inc. stock on January 26, Year 3 for $10,000. He purchased 75 more TKO shares on February 14, Year 3 for $7,000. He then sold his original 100 shares on February 20, Year 3 for $8,500. What is Robert's recognized capital loss from the sale of his TKO Inc. shares? What is his basis in the newly acquired stock?