Problem $09-28($Algo$)[$LO $9-9]$

Ten years ago, Ms$.$ Dee purchased $1,400$ shares of Fox common stock for $$131$ per share. On June $2$ of the current ye shares for $$98$ per share.

Required:

Compute Ms$.$ Dee's recognized loss on sale assuming that:

a$.$ She purchased $700$ shares of Fox common stock on June $28$ for $$100$ per share.

b$.$ She purchased $700$ shares of Fox common stock on August $10$ for $$105$ per share.

c$.$ Compute Ms$.$ Dee's tax basis in the $700$ shares purchased in part a$.$

d$.$ Compute Ms$.$ Dee's tax basis in the $700$ shares purchased in part $b.$

$\backslash$table$[[,$Amount$],[$a$.$ Recognized loss,$],[$b$.$ Recognized loss,$],[$c$.$ Tax basis,$],[$d$.$ Tax basis,$]]$