Karen makes the following purchases and sales of stock:
|
Transaction |
Date |
Number of Shares |
Company |
Price per |
|
Purchase |
1 1 2010 |
300 |
MDG |
$ 75 |
|
Purchase |
6 1 2010 |
150 |
GRU |
300 |
|
Purchase |
11 1 2010 |
60 |
MDG |
70 |
|
Sale |
12 3 2010 |
200 |
MDG |
80 |
|
Purchase |
3 1 2011 |
120 |
GRU |
375 |
|
Sale |
8 1 2011 |
90 |
GRU |
330 |
|
Sale |
1 1 2012 |
150 |
MDG |
90 |
|
Sale |
2 1 2012 |
75 |
GRU |
500 |
Assuming that Karen is unable to identify the particular lots that are sold with the original purchase, what is the recognized gain or loss on each type of stock as of the following dates:
a. 7 1 2010.
b. 12 31 2010.
c. 12 31 2011.
d. 7 1 2012.