35. LO.1, 2 Which of the following results in a recognized gain or loss? a. Kay sells her vacation cabin (adjusted basis of $100,000) for $150,000. b. Hernan sells his personal residence (adjusted basis of $150,000) for $100,000 c. Carl's personal residence (adjusted basis of $65,000) is condemned by the city. He receives condemnation proceeds of $55,000. d. Olga's land is worth $40,000 at the end of the year. She had purchased the land six months earlier for $25,000 e. Vera's personal vehicle (adjusted basis of $22,000) is stolen. She receives $23,000 from the insurance company and does not plan to replace the automobile. f. Jerry sells used clothing (adjusted basis of $500) to a thrift store for $50