44) Frank, a single person, sold his home this year. He had owned and lived in the house for 10 years. Frank signed a contract on March 4 to sell his home and closed the sale on May 3. Sales price Selling expenses paid by Frank Replaced a broken window on March 2 Basis of old home before repairs and improvements Based on these facts, what is the amount of his recognized gain? A) $40,000 B) $0 C) $39,800 $202,000 12,000 200 150,000 D) $52,000 44)