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George bought the following amounts of Stock A over the years:(Loss amounts should be indicated with a minus sign

Accounting

George bought the following amounts of Stock A over the years:(Loss amounts should be indicated with a minus sign.)

  Date Purchased Number of Shares Adjusted Basis
Stock A 11/21/1993 1,030 $ 24,720
Stock A 3/18/1999 515   9,270
Stock A 5/22/2008 780   28,080
 

On October 12, 2019, he sold 1,245 of his shares of Stock A for $38 per share.

b. How much gain/loss will George have to recognize if he specifically identifies the shares to be sold by telling his broker to sell all 780 shares from the 5/22/2008 purchase and 465 shares from the 11/21/1993 purchase?

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