Ten years ago, Janine purchased 100 shares of Mega stock for $245 per share. On September 10 of the current year, she sold all 100 shares for $200 per share.
a. Compute Janine's realized and recognized loss on sale assuming that she purchased 200 shares of Mega on October 1 for $190 per share.
b. Compute Janine's realized and recognized loss on sale assuming that she purchased 100 shares of Mega on November 1 for $180 per share.
c. Compute Janine's tax basis in the 200 shares of Mega purchased in part a.
d. Compute Janine's tax basis in the 100 shares of Mega purchased in part b?