A-8 !Required information[The following information applies to the questions displayed below.]Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq:MSFT) over the years:DatePurchased Shares4703705703207/10/20134/20/20141/29/201511/02/2017Basis$ 17,39015,83617,44211,584If Dahlia sells 1,010 shares of Microsoft for $57,570 on December 20, 2023, what is her capital gain or loss in each of thefollowing assumptions?Note: Do not round intermediate calculations.a. She uses the FIFO method.

The initial purchase price is deducted from the selling price to determine the Acapital gain. A…

! Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the follow MSFT) over the years: Date Purchased Shares 7/10/2013 470 4/20/2014 370 1/29/2015 570 11/02/2017 320 Basis $ 17,390 15,836 17,442 11,584 If Dahlia sells 1,010 shares of Microsoft for $57,570 on December 20, 20 following assumptions? Note: Do not round intermediate calculations. a. She uses the FIFO method.