Firm J sold marketable securities to Company B$.$ Firm J$$s tax basis in the securities was $$65,000.$ Compute Firm J$$s recognized gain or loss if:

Required:

a$.$ The selling price was $$79,250,$ and Firm J and Company B are unrelated parties.

b$.$ The selling price was $$79,250,$ and Firm J and Company B are related parties.

c$.$ The selling price was $$56,200,$ and Firm J and Company B are unrelated parties.

d$.$ The selling price was $$56,200,$ and Firm J and Company B are related parties.

for all of them $($a$,$b$,$c$,$d$),$ specify if it is a: recognized gain$/$recognized loss$/$ no gain$/$loss along with the amounts