Three years ago, John purchased $350$ shares of stock in D Corporation for $$28,000.$ On June $15$ of year $4,$ John sells the $350$ shares for $$33,500.$

Part$-$a

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

Part$-$b

b$.$ Assuming John has no other capital gains or losses, except that on April $5$ of year $5,$ John purchases $350$ shares of D Corporation stock for $$32,200.$ How much gain or loss from the sale on June $15$ of year $4$ is taxable on John's year $4$ tax return? What basi

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