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  3. jordan purchased 100 shares of xyz stock in 2018 f

Jordan purchased 100 shares of XYZ stock in 2018 for $3,200. He sold these shares...

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Accounting

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Jordan purchased 100 shares of XYZ stock in 2018 for $3,200. He sold these shares on March 15, 2020 for $2,800. He then purchased 100 shares of XYZ stock on April 2, 2020 for $3.000. How much loss will Jordan recognize on the sale of these shares on March 15th and what is his basis in the new shares purchased on April 2nd? O $0 recognized loss; $3,400 basis O $400 recognized loss: $3,200 basis 0 $0 recognized loss: $3,200 basis O $0 recognized loss; $2,600 basis 0 $400 recognized loss: $3,000 basis

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