Mike purchased 100 shares of ABC Corporation stock for 11,500 on January 1, 1971. In the current tax year, he sells 25 shares of the 100 shares purchased on January 1, 1971, for 2,500. Twenty-five days earlier, he had purchased 30 shares for 3,000. What is Mike's recognized gain or loss on the sale of the stock, and what is her basis in the 30 shares purchased 25 days earlier?