On November 12, 2020, Hubert Robbins Sells 100 Shares of Loser

On November 12, 2020, Hubert Robbins sells 100 shares of Loser Inc. for $120 per share. He had purchased these shares several years ago at $220 per share. On November 18, 2020, he acquires 80 shares of Loser Inc. for $100 per share. On December 22, 2020, he acquires 50 shares of Loser Inc. at $80 per share. What is the adjusted cost base of the 130 shares that he holds after the December 22, 2020 purchase?

A) $12,000.
B) $20,000.
C) $22,000.
D) $14,000.