Three years ago, Jennifer purchased $280$ shares of stock in M Corporation for $$22,400.$ On May $15$ of year $4,$ Jennifer sells the $280$ shares for $$26,100.$

Part$-$a

a$.$ What is Jennifer's capital gain or loss from the sale on May $15$ of year $4?$

Part$-$b

b$.$ Assuming Jennifer has no other capital gains or losses, except that on March $5$ of year $5,$ Jennifer purchases $280$ shares of M Corporation stock for $$25,000.$ How much gain or loss from the sale on May $15$ of year $4$ is taxable on Jennifer's year $4$ tax return? What basis does Jennifer take in the stock purchased on March $5$ of year $5***$This question already posted and got correct answer. Don't answer this question If you answer i will give $10$ dislikes.$****$