During 2006,Charles Purchased 1,000 Shares of Ryan Corporation Stock for $12,000.On

Multiple Choice

During 2006,Charles purchased 1,000 shares of Ryan Corporation stock for $12,000.On February 22,2016,he sells all the shares for $9,000.On March 15,2016,he repurchases 1,000 shares of Ryan for $8,000 and holds them until May 29,2016,when he sells them for $10,000.What is Charles' recognized gain or loss on the May 29,2016,sale?

A) $1,000 loss.
B) $2,000 gain.
C) $2,000 loss.
D) $1,000 gain.
E) No gain or (loss) recognized