Sadie sold 12 shares of stock to her brother, George, for $52016 months ago. Sadie had purchased the stock for $640 two years earlier. If George sells the stock for $760, what are the amount and character of his recognized gain or loss in the current year? Multiple Choice $0 $120 short-term capital gain $120 long-term capltal galn $240 short-term capital gain None of the cholces are correct