3. In the current year, Debbie receives stock as a gift from her uncle, Jerry. Jerry had originally purchased the stock for $27,000 several years ago. At the time of the gift, the fair market value of the stock was $17,000. One month later Debbie sells the stock for $16,500. What is the amount and character of Debbie's recognized gain or loss on the sale? Now, assume instead that one month later Debbie sells the stock for $30,500. Now what is the amount and character of Debbie's recognized gain or loss on the sale? Now, assume instead that one month later Debbie sells the stock for $20,000. Now what is the amount and character of Debbie's recognized gain or loss on the sale?