Adventure Partnership is owned by three (3) partners. Kristen holds a 60% interest; each of the others own 20%. Kristen sells investment property to the partnership for its FMV of $175,000. Her tax basis was $225,000. a. How much loss, if any, may Kristen recognize? b. If the partnership later sells the property for $250,000, how much gain must it recognize? c. If Kristen's basis in the investment property was $100,000 instead of $225,000, how much, if any, gain would Kristen recognize on the sale, and how would it be characterized