D Question 6 1 pts G inherited a painting from his great-aunt last year. The painting was worth $28,000 when his aunt died, and G sold the painting seven months later for $30,000. The aunt had purchased the painting three years before her death for $18,000. How much gain (or loss) does G recognize on this sale? $0 $2.000 O($8,000) O($10,000) Question 7 1 pts Towned a warehouse with a $300,000 basis. The warehouse is destroyed by fire, and he receives insurance proceeds of $400,000. T purchases a new warehouse for $325,000. What is T's recognized gain? What is T's adjusted basis in the new warehouse? O $25,000, $375,000 O $25,000, $400,000 O $75,000, $300,000 O $75,000, $400,000