2) Sam pays $50,000 for a machine Sam also paid an actional $6,000 related to the installation, taxes, and transportation for this asset Alter making the purchase, Sam replaces the motor at a cost of $4.000 (6 points) a) Determine Sam's adjusted basis in the machine, assuming he has taken $20,000 of depreciation to date b) What is Sam's realized gain or loss, if he sells the machine for $45,000? 3) in March 2020, Connie received 200 shares of stock with a FMV of 520 000 as a gift from her grandmother. Connie's grandmother had purchased the stock five years earlier on June 18 for $75 per share 16 points) a) What is Connie's basis in the stock? b) What is the holding period (LIT or SIT) of the stock in Connie's hands? c) What is the nature and amount of the gain or loss if Connie sells 100 shares of the stock in two years for $105 per share? d) Answer parts a, b and c again, this time assuming that Connie received the stock as part of an inheritance, rather than a gift from her grandmother