Angelina gave a parcel of realty to Julie valued at $133,750 (Angelina purchased the property five years ago for $57,500). Required: Compute the amount of the taxable gift on the transfer, if any. Suppose several years later Julie sold the property for $139,350. What is the amount of her gain or loss, if any, on the sale?

A: Amount of Taxable Gift:

B. Amount of Gain-?

Amount of Loss-?

a. Amount of taxable gift b. Amount of gain Amount of loss