Kaitlin Purchased 100 Shares of Norton Corporation Stock for $11,500

Multiple Choice

Kaitlin purchased 100 shares of Norton Corporation stock for $11,500 on January 1, 2015. March 1, 2018, she purchased 30 additional shares of Norton Corporation for $3,000. On March 20, 2018, she sold 25 shares of the 100 shares she had purchased in 2015, for $2,500. What is Kaitlin's recognized gain or loss on the sale of the stock?

A) $500 recognized loss
B) $375 recognized loss
C) $375 recognized gain
D) $0 recognized gain or loss