federal taxation

QUESTION 3 Carol's factory burns down in 2020. Her basis in it was $175.000, and she received $300,000 in insurance proceeds from her fire insurance company. She spends $280.000 on a new factory in 2021. How much gain is she taxed on as a result of the situation? Zero $20.000 O $105.000 5125.000 1.5 points Save QUESTION 4 Sarah's factory burns down. Her basis in it was $240,000 and she receives $400.000 in Insurance proceeds from her fire insurance company. She buys a new factory within one year for 5460,000. What will her basis in the new factory be? $240.000. O $300,000. $400,000 $460.000