Janice received jewelry as a gift from her friend, Al. Al's adjusted basis in the jewelry was $7,000 and the fair market value on the date of the gift was $9,000. Janice decided she did not like the jewelry (or Al) and sold it six months later for $10,000. What is her recognized gain or loss? a. $1,000 b. $3,000 c.0 d. $10,000