(b) Tricia's office building, which has an adjusted basis of $250,000, is destroyed by fire on April 5, 2020. Insurance proceeds of $350,000 are received on May 1, 2020. She has a new office building constructed for $335,000, which she occupies on March 1, 2021. Assuming Tricia's objective is to minimize her tax liability, calculate her recognized gain or loss and the basis of the new office building. (c) Harold is a head of household, has $24,000 of taxable income in 2020 from noncapital gain or loss sources, and has the following capital gains and losses. Problem 2 (10 points). Attached are several situations involving property transactions. REQUIRED: For each of the situations provided, answer the question asked about the property transaction