Editor Exercise 3-25 (LO. 8) Rebecca sells her personal scooter for $550. She purchased the scooter for $700 three years ago. She also sells a painting for $1,200 that she acquired five years ago for $900. What are the tax implications of these sales? on the Rebecca has a $ 150 realized loss on the scooter and a $ 300 realized gain painting. Rebecca will recognize the gain or loss associated with both the painting and the scooter X