3. Mohamed, a single man, was transferred by his employer from Phoenix, Arizona to Atlanta, Georgia. He sold his Phoenix home (personal residence) with an adjusted basis of $250,000 for $525,000 and purchased a new residence in Atlanta for $200,000. Mohamed had owned and lived in the Phoenix residence for 6 years and has never excluded any gain on the sale of a personal residence from a prior year tax return. What is Mohamed's recognized gain or loss on the sale of the Phoenix residence and his basis for the residence in Atlanta? 4. Peggy, Inc. has a 2020 net $1231 gain of $43.000. Prior net $1231 gains and losses incurred by Peggy, Inc, are as follows: 2019 $1231 gain of $16,000 2018 $1231 loss of ($7,000) 2017 $1231 loss of ($19,000) 2016 No 51231 gain or loss 2015 $1231 loss of ($14,000) 2014 No. $1231 gain or loss 2013 No business activity in this or any prior year For 2020. Peggy, Inc's net $1231 gain of $43,000 is treated (taxed as) what type or types of income