Problem 16-38 (Algorithmic) (LO. 4) Dennis sells short 75 shares of ARC stock at $184 per share on January 15, 2020. He buys 150 shares of ARC stock on April 1, 2020, at $230 per share. On May 2, 2020, he closes the short sale by delivering 75 of the shares purchased on April 1. a. What are the amount and nature of the loss upon closing the short sale? Dennis has loss in the amount of $ b. When does the holding period for the remaining shares begin? The holding period for the remaining shares begins on c. If Dennis sells (at $253 per share) the remaining 75 shares on January 20, 2021, what will be the nature of his gain or loss? Dennis has in the amount of $