Question: how do solve this question step by step 37. Lem Lumberjack sells 100 shares (basis of $5,000) of Redwood Corporation common stock on March 8,

how do solve this question step by step

37. Lem Lumberjack sells 100 shares (basis of $5,000) of Redwood Corporation common stock on March 8, 2013, for $4,000. On March 29, 2013, Lem purchases 50 shares of Redwood Corporation common stock for $2,500. Lem's recognized loss on the sale is: S a. $1,000 $0 *b. $500 eu c. $1,500 d. $0

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