February 20, 2020: Lee Ranger purchased 100 shares of Pine Corp. stock for $30 a share. April 7, 2020: Lee sold 50 shares of Pine Corp. stock for $20 a share. April 24, 2020: Lee purchased 25 shares...

February 20, 2020: Lee Ranger purchased 100 shares of Pine Corp. stock for $30 a share.

April 7, 2020: Lee sold 50 shares of Pine Corp. stock for $20 a share.

April 24, 2020: Lee purchased 25 shares of Pine Corp. stock for $25 a share.

What is the basis of the 25 shares purchased on April 24, 2020?

1. $625


2. $875


3. $1,125


4. $750