Question: I am having trouble with c. 14750. X 40% = 9500 is not the correct answer. What formula should I be using? Check my work

I am having trouble with c. 14750. X 40% = 9500 is not the correct answer. What formula should I be using?

Check my work Harold owns 50 shares of stock in Becker Corporation. His adjusted basis for the stock is $84,750. On December 15, 2019, he sells the stock for $70,000. He purchases 75 shares of Becker Corporation stock on January 12, 2020, for $83,250. Required: a. What are Harold's realized and recognized gain or loss on the sale? b. What is Harold's adjusted basis for the 75 shares purchased on January 12, 2020? c. How would your answers in (a) and (b) change if he purchased only 20 shares for $20,100 in January? (Round any percentage computation to 2 decimal places. Round other computations to the nearest whole dollar value.) OK (For all requirements, if no gain or loss is recognized, select "No gain/loss".) nt ences Amount a. No gain/loss $ 0 Realized loss $ 14,750 b. Adjusted basis of shares S 98,000 C. Realized loss Recognized loss Adjusted basis of shares W

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