On February 4, 2017, Jonathon Cash bought 1,000 shares of Country Corporation stock for $6,800. On May 12, 2020, Jonathon sold all 1,000 shares of his Country Corporation stock for $5,400. After reading an article about a new product the company just released, he decided to buy 1,000 more shares of Country stock on June 3, 2020, for $3,450. What is Jonathon's recognized loss on his May sale of the Country stock, and what is his basis in the 1,000 shares he purchased in June?

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