Fran was transferred from Pheonix to Atlanta. She sold her Pheonix residence of 10 years (adjusted basis of 180000) for a realized loss of 40000 and purchased a new residence in Atlanta for 225000. What is Frans recognized gain or loss on the sale of the pheonix residence and her basis for the residence in Atlanta?

A. (40000) and 225000

B. 0 and 220000

C. (40000) and 180000

D. 0 and 225000

E. None of the above