Josle owne 70 % and Eva 30 % of JE, Inc. (JEI) Joale selland with a fair market value of $1,000,000 and a tax basis of 1,300,000 80 JEI for $1,000,000 Two years later JEI sels the and to an unrelated third party for $1.200,000. What gain or loss do Josie and Jel recognize as a tour of these transactions ? O A Josle recognizes no gain or loss and JEl recognizes a $200,000 gain, O Neither Joslenor El recognize any gain or loss OC. Jose recognizes a $300.000 loss and JEl recognizes a $200,000 OD. Josie recognizes no gain or loss and El recognizes a $100,000