Business, 20.10.2021 19:30, braidyn1018

In 2013, Maggie purchased 1,000 shares in a mutual fund for $5,200. Maggie participates in a dividend reinvestment program. Her reinvested dividends were:2013: $4802014: $5002015: $520At year end, Maggie held a total of 1,250 shares (1,000 from the original purchase plus 250 through the dividend reinvestment plan.) At this time, she sold 100 shares for $736. Required:
Assume Maggie uses an average cost method, determine her total basis for the 100 shares sold and the gain on the sale.

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In 2013, Maggie purchased 1,000 shares in a mutual fund for $5,200. Maggie participates in a dividen...