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Deirdre sold 175 shares of stock to her brother, James, for $4,550. Deirdre purchased the stock...

Deirdre sold 175 shares of stock to her brother, James, for $4,550. Deirdre purchased the stock several years ago for $5,950. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

a. What gain or loss does Deirdre recognize on the sale?

b. What amount of gain or loss does James recognize if he sells the stock for $6,475?
c. What amount of gain or loss does James recognize if he sells the stock for $5,075?

d. What amount of gain or loss does James recognize if he sells the stock for $3,850?

    

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