6. Sandra, who is single, moved into a new home three months ago that she had purchased for $200,000. Because Sandra's employer is closing their office and moving to a different state, she now sells her home for $240,000. What is Sandra's recognized gain from the sale of her home? a. $0 c. $31,250 b. $8,750 d. $40,000 _7. Mark's business building was destroyed by a hurricane in 20X5. The building had an adjusted basis of $250,000 and a fair market value of $270,000 immediately before the hurricane damage. Mark received a reimbursement of $300,000 from his insurance company in 20X6 and immediately spent $270,000 on a new business building. What amount must Mark include in his gross income in 20X6? a. $0 c. $30,000 b. $20,000 d. $50,000