Leonard and Linda Lindsay sold for $350,000 in October 2016 their residence that they had purchased in 2006 for $100,000. They made major capital improvements during their 10-year ownership totaling $30,000. A) What is their excluded gain? How much must they recognize? B) Suppose instead that the Lindsays sold thier home for $700,000. They moved into a smaller home costing $200,000. What is their excluded gain? How much must they recognize? C) Assume instead that the Lindsays resided in a very depressed neighborhood and the home was sold for only $80,000. How much gain or loss is recognized?