During 2022, Ingrid and Flo, a married couple that file a joint tax return, decided to sell their residence, which had a basis of $200,000. They had owned and occupied the residence for 15 years. They sold the house in July for $780,000. Broker's commissions and other selling expenses amounted to $53,000. Since they both are age 68, the couple decides to move into a rented apartment. What is the recognized gain? a. $527,000 b. $17,000 c. $0 d. None of the choices presented are correct. e. $27,000