Wash Sales. Broward Corp. owns 1,500 shares of Silver Fox Corporation common stock Broward Corp. purchased the 1,500 shares on April 17, 2010, for $20.000. On December 8, 2015, Broward sells 750 shares for $5.000. On January 2, 2016, Broward Corp. buys 250 shares of Silver Fox Corporation common stock for $1,750 and 50 shares of Silver Fox Corporation preterred stock for $1,000. The preterred stock is nonvoting, nonconvertible. a. What is Broward's realized and recognized loss on the December 8 sale of stock? b. What is Broward's basis and the holding periods of the stock