Oliver Purchased the Following Stock of Doggie Treats Inc

Multiple Choice

Oliver purchased the following stock of Doggie Treats Inc., 2014 10 shares @ $10
2015 10 shares @ $12
2016 20 shares @ $14
If Oliver sold 25 shares of stock in 2016 for $265,what is the loss on the sale of the stock? Assume the shares purchased in 2015 were held for more than one year.

A) $9.50 long-term loss and $38.00 short-term loss.
B) $8.00 short-term loss and $17.00 long-term loss.
C) $8.00 long-term loss and $17.00 short-term loss.
D) $9.50 short-term loss and $38.00 long-term loss.