Firm J sold marketable securities to Company B. Firm Js tax basis in the securities was $66,000. Compute Firm Js recognized gain or loss if:

Required:

The selling price was $68,250, and Firm J and Company B are unrelated parties.

The selling price was $68,250, and Firm J and Company B are related parties.

The selling price was $58,200, and Firm J and Company B are unrelated parties.

The selling price was $58,200, 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 'No gain/loss'.