Hi! Please answer & explain both. Thank you.

Billy purchased businessment for $50,000 in 2015 and has taken $10,000 of regular MACRS depreciation Day as the sun in 2020 for 500.000 How is Bays gintaxe O $10,000 dinary income $10.000 LT capital gain O $20,000 LT capital gain $20,000 ordinary income O $10,000 ordinary income $20.000 LT capital gain QUESTION 7 Florence purchased stock 4 years ago for $20,000. Last year, she gifted the stock to her son when the fair market value was 515,000. This year her son sold the stock for $18,000. What is her son's recognized gain or loss on the sale? $2,000 loss O $3,000 gain O $5,000 gain O No gain or loss