Sandy owned the following lots of Tucson Corporation stock.
|
Purchase date
|
No. of shares
|
Basis
|
|
April 1, 2013
|
100
|
$ 500
|
|
December 8, 2013
|
100
|
1,500
|
|
March 5, 2014
|
200
|
4,000
|
On April 28, 2015, Sandy sold 200 shares of stock for $8,000. Sandy did not specifically identify the shares of stock sold. What is the recognized gain or loss?