Firm J sold marketable securities to Company B$.$ Firm J$\text{'}$s tax basis in the securities was $$68,750.$ Compute Firm J$\text{'}$s recognized gain or loss if:

Required:

a$.$ The selling price was $$73,250,$ and Firm J and Company B are unrelated parties.

b$.$ The selling price was $$73,250,$ and Firm J and Company B are related parties.

c$.$ The selling price was $$63,200,$ and Firm J and Company B are unrelated parties.

d$.$ The selling price was $$63,200,$ and Firm J and Company B are related parties.

Note: For all requirements, if the results of a transaction do not result in a gain or loss, select $\text{'}$No gain$/$loss$\text{'}.$