Firm J sold marketable securities to Company B$.$ Firm J$$s tax basis in the securities was $$49,250.$ Compute Firm J$$s recognized gain or loss if:

Required:

The selling price was $$64,750,$ and Firm J and Company B are unrelated parties.

The selling price was $$64,750,$ and Firm J and Company B are related parties.

The selling price was $$42,700,$ and Firm J and Company B are unrelated parties.

The selling price was $$42,700,$ 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$\text{'}.$