Three years ago, David purchased $280$ shares of stock in F Corporation for $$18,200.$ On April $5$ of year $4,$ David sells the $280$ shares for $$16,500.$

Part$-$a

a$.$ What is David's capital gain or loss from the sale on April $5$ of year $4?$

Part$-$b

b$.$ Assuming David has no other capital gains or losses, except that on February $15$ of year $5,$ David purchases $280$ shares of F Corporation stock for $$17,800.$ How much gain or loss from the sale on April $5$ of year $4$ is taxable on David's year $4$ tax return? What basis doe

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