Ms. fresh bought 1,000 shares of ibis corporation stock for $5,000 on january 15, 2013. on december 31, 2015 she sold all 1,000 shares of her ibis stock for $4,500. based on a hot tip from her friend, she bought 1,000 shares of ibis stock on january 23, 2016 for $3,000. what is ms. fresh's recognized loss on her 2015 sale and what is her basis in her 1,000 shares purchased in 2016?
$-0- ltcl and $3,500 basis
$200 ltcl and $3,300 basis
$300 ltcl and $3,200 basis
$400 ltcl and $3,100 basis
$500 ltcl and $3,000 basis

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?