11. Stock Sales. (Obj. 2) A taxpayer is considering selling 100 shares of stock. The current market price is $7,500. Which shares should the taxpayer instruct the broker to sell, and what are the tax consequences of this selection if the taxpayer owned the following shares in the company?
Certificate Number Date Acquired Number of Shares Cost
CR642 4-11-07 300 $15,000
DO111 9-10-11 100 $9,000
EA002 8-13-04 100 $6,000