During the current year, TLM Corporation sells a tract of land for $125,000. The sale is made to Sara, TLM Corporation's sole shareholder. TLM Corporation originally purchased the land five years earlier for $140,000 Read the requirements Requirement a. What is the amount of gain or loss that TLM Corporation will recognize on the sale during the current year? (For a gain or loss with a zero value, enter $0.) The realized The amount recognized is S Requirement b. Assume that in the following year, Sara sells the land for $130,000. What is the amount of gain or loss Sara will recognize? What are the tax consequences to TLM Corporation upon the subsequent sale by Sara? What is the realized gain or loss and the amount that Sara will recognize? (For a gain or loss with a zero value, enter $0.) The realized iS The amount recognized is S What are the tax consequences to TLM Corporation upon the subsequent sale by Sara? O A. The unused loss can be recognized in the current year. O B. There are no tax consequences to TLM Corporation upon the subsequent sale by Sara. C. The gain must be recognized by TLM Corporation in the current year O D. The unused loss can be carried over to the next year. Requirement c. Assume that in the following year, Sara sells the land for $119,000. What is the amount of gain or loss Sara will recognize? (For a gain or loss with a zero value, enter $0.) The realized iS Sara will recognize in the current year subject to any other applicable limitations. Requirement d. Assume that in the following year, Sara sells the land for $142,000. What is the amount of gain or loss Sara will recognize? (For a gain or loss with a zero value, enter $0.) The realized iS Sara will recognize in the current year subject to any other applicable limitations