Hannah owns 100 shares of MM Inc. stock. She sells the stock on December 11 of the current year for $12 per share. She received the stock as a gift from her Aunt Pam on March 20 of this year when the fair market value of the stock was $18 per share. Aunt Pam originally purchased the stock seven years ago at a price of $20 per share. What is the amount and character of Hannah's recognized gain or loss on the stock? Multiple Choice $600 gain $0 $800 gain Multiple Choice O $600 gain $0 $800 gain $600 loss $800 loss