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Mr, Cougar owns 1,000 shares of Westem Corporation common stock, which iz purchasod on March 8, 2011, for 512,000 . In 2022, Mr, Cougar buys and sels Westem Corporation stock as folows. On October 3, Cougar purchases an addional 300 shares for $3,000. On October 12, he seis the original 1,000 shares acquired in 2011 for $8,500, On November 1. he purchases an additional 500 shares for $4,000 Requirement a. What is Mr, Cougar's recognized gain or loss as a resuit of the sale on Ociober 12? Requirement b. What are the basis and the holding period of the stock he continues to hold? (Do not round interim calculations. Only round ine amount you ingut in the input held to the nearest dolar.) Requirements a. What is Mr. Cougar's recognized gain or loss as a result of the sale on October 12 ? b. What are the basis and the holding period of thotock he continues to hold? c. How would your answers to Parts a and b change if the stock Cougar purchases during 2022 is Western nonvoting, nonconvertible, preferred stock instead of Western common stock? this scenario, wouldg Cougar recognize a gain or a loss? ler this scenario, what is the amount that Cougar would recognize? nnlete the tahle helnw to show Counar's hasis and the holding nerind of the stock it continues to

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