3 4 5 6 7 8 9 10 CALL EXCEL 11 12 13 26 27 OVERVIEW HELP 14 15 16 17 28 29 30 18 19 20 21 22 23 24 25 O'Brien purchased two automobiles for personal use. Automobile 1 had an adjusted basis of $20,000, and automobile 2 had an adjusted basis of $10,000. O'Brien sold automobile 1 for $15,000 and automobile 2 for $15,000. What gain or loss should O'Brien recognize on the sales of the automobiles? Automobile 1, loss of 50; automobile 2. gain of $0. Automobile 1, loss of $5,000, automobile 2, gain of 55,000 Automobile 1, loss of $0; automobile 2gain of $5,000. Automobile 1, loss of $5,000; automobile 2gain of $0. obte 92