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: 2010 275 shares @ $50 per share
2011 125 shares @ $48 per share
2012 100 shares @ $55 per share
Assuming Daryl uses the single category average cost method,he will realize:

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