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Shomit purchases 100 shares of stock in Classy Corporation for $550 in Year 1. On December 20 of Year 2, he purchases an additional 100 shares in the company for $400. On December 27 of Year 2, Shomit sells the 100 shares acquainted in Year 1 for $410. What is Shomit’s resulting basis in the shares acquainted on December 20 of Year 2?

a. $400

b. $500

c. $490

d. $410

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