Chapter 5, Problem 7ICA

correct answer please

Harland Investments has purchased a total of 340 shares of BlueTech, Inc. common stock over the years. In 1995, Harland acquired 40 shares at a price of $25 per share. Later, in 2000, he bought 120 shares at $12 per share, and in 2015, he purchased 180 shares at $55 per share. In the current year, 2016, Harland plans to sell 110 shares at a market price of $65 per share. If Harland’s objective is to minimize gain and assuming he can adequately identify the shares to be sold, what is the recognized gain on the sale of these shares? Step by step answer

General Accounting 5.2