During the current year, David sells a tract of land for $600,000. The property was received as a gift from Corina on March 10,1995, when the property had a $320,000 fair market value. The taxable goft was $310,000 because the annual exclusionwas $10,000 in 1995. Corina purchased the property on April 12,1980, fir $134,000. At the time of the gift, Corina paid a gift tac of $13,000. in order to sell the property, David paid a sales commision of $14,000. (a) what is David's realized gain on the sale? b) how would your answer to part a change if at all, if rhe fair market valueof the gift property was $95000 as of the date of the gift.