alue $45,000) to Wendy in satisfaction of Wendy's property rights. If Wendy sells the stock for $50,000, what is her recognized gain? 6. Inherited Property.(Obj. 1) Terry purchased 5,000 shares of Ferrero Corporation stock in 2000 for $60,000. Terry died on December 11, 2016, leaving the stock to his daughter, Debra Debra received the stock on April 26, 2017. The FMV of the stock for various dates follows. December 11, 2016 April 26, 2017 June 11, 2017 $80,000 78,000 77,000 Debra sells the stock for $75,000 on August 28, 2017. What is Debras recognized gain or loss from the sale if the executor uses date of death (DOD) to value the estate? a. b. Same as in Part a. except that the executor uses the alternative valuation date (AVD) Auquct 17 201uz when the FMV of C. Assume instead that Deh