In 2014, Harold purchased a classic car for 512.000 that he planned to restore. However, Harold is too busy to work on the car and he gives it to his daughter Julia in 2019. At this time, the fair market value of the car has declined to $10,000. Harold paid no ih tax on the action. Julia completes some of the restoration herself with out-of-pocket costs of $5,000. She later sells the car for $35,000. What is Julia's recognized gain or low on the sale of the cart a $2.000 loss Ob SIN.000 gain c. $20,000 gain d.523,000 gain O. None of the above Ralph gives his daughter, Angela, mock hasis of $8,000, fair market value of $6,000). No gift to results. If Angelly sells the stock for $12,000, what is her recognized gain a lot O $2,000 LOS b. 52,000 gain 54.000 d. 4.000 None of the shove Shontelle received a pit of income producing property with salted basis of $49.000 the door and for market value of $40,000 on the date of giltNe gift we paid by the door. Selebquently of the property for $1.000. What is the gred in or loss? a. 50 b. 58.000 l c. 510.000 loss 4.518,000 los O None of the above