During the current year, Gary sells a tract of land for $950,000. The property was received as a gift from Freida on March 10, 1995, when the property had a $350,000 FMV. The taxable gift was $340,000 because the annual exclusion was $10,000 in 1995. Freida purchased the property on April 12, 1980, for $180,000. At the time of the gift, Freida paid a gift tax of $10,000. In order to sell the property, Gary paid a sales commission of $20,000. Read the requirements. Requirement a. What is Gary's realized gain on the sale? Select the formula, then calculate Gary's realized gain on the sale. (Do not round intermediary calculations. Only round the amounts you input in the cells to the nearest dollar.) Minus: Realized gain Requirement b. How would your answer to Part a change, if at all, if the FMV of the gift property was $50,000 as of the date of the gift? If the FMV of the gift property was $50,000 as of the date of the gift, Stan would have realized a gain on the sale of