Bich purchased 300 common shares of Le Stock in January 2012 for $10,000. She purchased an additional 250 common shares on September 15, 2020 for $15,000. On October 1, 2020 she sold the original 300 shares for $4,000. She purchased Oliver Preferred stock (125 shares) for $8,000. Last, Bich purchased an additional 400 shares of Le common stock on December 31, 2020 for $12,000. What is her "recognized" gain or loss on the sale of the 300 shares of Le stock on October 15, 2020. O $2,000 loss O $0 O $1,000 loss O $2,000 gain Mrs. Dee's husband died in the current year. She chose to receive the proceeds of her husband's $100,000 life insurance policy over a 10-year period. The monthly installments are $1,400 each. What is the amount of the annual payments that represents gross income to Mrs. Dee? O $0 $6,800 $4,400 O $14,400