Justin owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $9,800). On April 27, 2012, he sells 300 shares for $2,800, while on May 5, 2012, he purchases 200 shares for $2,500.

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The Answer of Justin owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $9,800). On April 27, 2012, he sells 300 shares for $2,800, while on May 5, 2012, he purchases 200 shares for $2,500.

Justin Owns 1,000 Shares of Oriole Corporation Common Stock (Adjusted