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Harold Hass owns 100 shares of Spartan Corp. common stock with an adjusted basis of...

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Accounting

Harold Hass owns 100 shares of Spartan Corp. common stock with an adjusted basis of $10280. On July 28, 2022, he sold all 100 shares for $8940. On August 18, 2022, he purchased 80 shares of Spartan common stock for $7464 and 20 shares of Spartan preferred stock for $3280. What is his basis in the 20 shares of Spartan preferred stock?

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