During the current year, TRS Corporation sells a tract of land for $105,000. The sale is made to Sophia, TRS Corporation's sole shareholder. TRS Corporation originally purchased the land five years earlier for $139,000. Read the requirements. Requirement a. What is the amount of gain or loss that TRS Corporation will recognize on the sale during the current year? First, calculate the gain or loss realized and then calculate the gain or loss recognized in the current year. (For a gain or loss with a zero value, enter $0 and select N/A.) Requirements a. What is the amount of gain or loss that TRS Corporation will recognize on the sale during the current year? b. Assume that in the following year, Sophia sells the land for $131,000. What is the amount of gain or loss Sophia will recognize? What are the tax consequences to TRS Corporation upon the subsequent sale by Sophia? c. Assume that in the following year, Sophia sells the land for $95,000. What is the amount of gain or loss Sophia will recognize? d. Assume that in the following year, Sophia sells the land for $147,000. What is the amount of gain or loss Sophia will recognize