Dennis sells short 225 shares of ARC stock at $224 per share on January 15, 2020. He buys 450 shares of ARC stock on April 1, 2020, at $280 per share. On May 2, 2020, he closes the short sale by delivering 225 of the shares purchased on April 1. a. What are the amount and nature of the loss upon closing the short sale? loss in the amount of $ Dennis has b. When does the holding period for the remaining shares begin? The holding pened for the remaining shares begins on c. If Dennis sells (at $308 per share) the remaining 225 shares on January 20, 2021, what will be the nature of his gain or loss? Dennis has in the amount of Dennis has loss in the amount of $ an ordinary b. When a for the remaining shares begin? a short-term capital The holding ing shares begins on a long-term capital a nondeductible C. If Dennl. ware) the remaining 225 shares on January 20, 2021, Dennis has in the amount of $ b. When does the holding period for the remaining shares begin? The holding period for the remaining shares begins on May 2 c. If Dennis sells (at $308 per share) the remaining 225$ ary 20, 2021, what will be the nature of his gain o January 15 Dennis has in the amount of $ April 1 C. If Dennis sells (at $308 per share) the remaining 225 shares on January 20, 2021, what will be the nature of his gain or loss? Dennis has in the amount of S an ordinary loss a short-term capital loss a long-term capital loss a short-term capital gain ordinary income