Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:
Date Purchased Shares Basis
7/10/2008 490 $ 19,110
4/20/2009 390 17,472
1/29/2010 590 19,234
11/02/2012 340 12,988
If Dahlia sells 1,070 shares of Microsoft for $63,130 on December 20, 2018, what is her capital gain or loss for the following assumption? (Do not round intermediate calculations.)
a. She uses the FIFO method.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.