Tiger Corporation owns 10,000 shares of Mountain Corporation common stock, which ipurchased on March 8,2011, for $80,000. On October 3, 2017, Tiger purchases an additional 3,000 shares for $15,000. On October 12, 2017, it sells the original 10,000 shares for $45,000. On November 1, 2017, it purchases an additional 3,000 shares for $12,000 Read the pequirements t a. What is Tiger's recognized gain or loss as a result of the sale on October 12, 2017? Tiger would recognize a as a result of the sale on Oetober 12, 2017 Requirement b. What aro te basis and the holding perod of the stock Tiger connues to hold? Do not rond meri n ce ation Only roud te amourt yo?put nte el ebenerw, dollar 3.000 purchased on October 3, 2017 3,000 purchased on November 1, 2017 Requirement e. How would your answers to Parts a and b change if the stock Tiger purchases during 2017 is Mountain nonvoting, nonconvertible, preferred stock inslead of Mountain common stock? Nonvoting, nonconvertible preferred stock Thus, in this scenario Tiger would recogize a of $L Complete the table below to show Tigers basis and the hoiding perlod of the stook it continues to hold assuming Phat the stock held is nonvoing, nonconvertibie, preferred stock instoad of Mountain common stock substantialy identical to common stock in the same corporation. 3,000 purchased on October 3, 2017 000 purchased on November 1, 2017