Exercise 4-23 (Algorithmic) (LO. 4) Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $55,000, and it had a market value of $88,000 on the date of the transfer. Cecile sold the stock for $77,000 a month after receiving it. In addition Casper is required to pay Cecile $2,750 a month in alimony. He made five payments to her during the year. What are the tax consequences for Casper and Cecile regarding these transactions? If an amount is zero, enter "$0". a. How much gain or loss does Casper recognize on the transfer of the stock? $ b. Does Casper receive a deduction for the $13,750 alimony paid? c. How much income does Cecile have from the $13,750 alimony received? d. When Cecile sells the stock, how much does she report? Cecile will report a of $