In 2016,Daryl Sold 425 Shares of Basketball Heaven Mutual Fund

Multiple Choice

In 2016,Daryl sold 425 shares of Basketball Heaven Mutual Fund for $18,000.He made the following purchases of Basketball Heaven stock: $\begin{array}{ll}2011 & 275 \text { shares@ } \$ 50 \text { per share } \\2012 & 125 \text { shares@ } \$ 48 \text { per share } \\2013 & 100 \text { shares@ } \$ 55 \text { per share }\end{array}$ Assuming Daryl uses the single category average cost method,he will realize:

A) $1,750.00 long-term loss.
B) $2,200.00 long-term loss.
C) $3,125.00 long-term loss.
D) $3,462.50 long-term loss.