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Thrasher Corporation sells short 200 shares of ARC stock at $8 per share on January 15, 2017. It buys 400 shares of ARC stock on

Thrasher Corporation sells short 200 shares of ARC stock at $8 per share on January 15, 2017. It buys 400 shares of ARC stock on April 1, 2017, at $10 per share. On May 2, 2017, Thrasher closed the short sale by delivering 200 of the shares purchased on April 1. A. What are the amount and nature of the loss upon closing the short sale? B. When does the holding period for the remaining shares begin? C. If Thrasher sells (at $11 per share) the remaining 200 shares on January 20, 2018, what will be the nature of its gain or loss?

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