Essay
On December 1, 20X7, George Jimenez needed a little extra cash for the upcoming holiday season, and sold 250 shares of Microsoft stock for $50 per share less a broker's fee of $200 for the entire sale transaction. Prior to the sale, George held the following blocks of Microsoft stock (associated broker's fee paid at the time of purchase): (Do not round intermediate calculations.)
If his goal is to minimize his current capital gain, how much capital gain will George report from the sale?
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