Tony owned the following lots of Orange Corporation stock.
Purchase date No. of shares Basis
October 1, 2005 50 $ 4,500
February 8, 2006 50 5,500
September 5, 2006 100 11,000
On October 12, 2006, 100 shares of stock were sold for $14,000. Tony did not specifically identify the shares of stock sold. What is the recognized gain or loss?