Question: Please help with a and b thanks! Required information Problem 5-63 (LO 5-2) (Algo) [The following information applies to the questions displayed below) George bought

Please help with a and b thanks!
Please help with a and b thanks! Required information Problem 5-63 (LO
5-2) (Algo) [The following information applies to the questions displayed below) George

Required information Problem 5-63 (LO 5-2) (Algo) [The following information applies to the questions displayed below) George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Stock Stock Stock A Date Purchased 11/21/1995 3/18/2001 5/22/2010 Number of Shares 1,090 545 840 Adjusted Basis $ 26,160 9,810 30,240 On October 12, 2021, he sold 1,335 of his shares of Stock A for $38 per share. Problem 5-63 Part-a (Algo) a. How much gain loss will George have to recognize if he uses the FIFO method of accounting for the shares sold? Gain or loss to be recognized 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 840 shares from the 5/22/2010 purchase and 495 shares from the 11/21/1995 purchase? Gain or loss to be recognized

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