Kelly was active in the market, buying and selling stocks for her own account. Below are a series of transactions Kelly initiated during the last quarter of 2016:

The XYZ stock sold on 11/01 had been purchased two years earlier for $18 per share.
What is Kelly's realized and recognized gain or loss on each of the sale transactions? (Use FIFO for determining which stocks were sold.) What is Kelly's basis in each of the stocks remaining in her portfolio?

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Date of Number Transaction of Shares Stock Price per Share Transaction Bought $25 10/15 1,000 ABC Bought 10/29 500 $20 DEF $15 Sold 11/01 800 XYZ 11/04 Sold DEF $22 500 11/07 Bought GHI $16 1,000 11/18 Bought $12 2,000 XYZ 11/20 $22 Sold 500 ABC Bought $18 11/22 500 DEF Bought $21 12/02 1,000 ABC