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On November 12, 2019, Hubert Robbins sells 100 shares of Loser Inc

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On November 12, 2019, Hubert Robbins sells 100 shares of Loser Inc. for $120 per share.  He had purchased these shares several years ago at $220 per share.  On November 18, 2019, he acquires 80 shares of Loser Inc. for $100 per share.  On December 22, 2019, he acquires 50 shares of Loser Inc. at $80 per share.  What is the adjusted cost base of the 130 shares that he holds after the December 22, 2019 purchase?

 



		
$14,000.

		
$12,000.



		
$22,000.



		
$20,000