DILE Di Desi completes the statement or answers the question 4. The bank forecloses on Lisa's apartment complex. The property had been pledged as security on a nonrecourse mortgage whose principal amount at the date of foreclosure is $750,000. The adjusted basis of the property is $480,000, and the fair market value is $730,000. What is Lisa's recognized gain or loss and discharge of debt income? a. $270,000 gain recognized and $20,000 discharge of indebtedness b. ($750,000) loss recognized and 50 discharge of indebtedness c. So gain and so discharge of indebtedness d. ($480,000) loss recognized and $270,000 discharge of indebtedness e. None of a - d are correct