Lisa sells business property with an adjusted basis of $145,800 to her son, Alfred, for its fair market value of $116,640. If an amount is zero, enter "O". a. What is Lisa's realized and recognized gain or loss? Lisa has a as 29,160 V realized loss V of which o is recognized b. What is Alfred's recognized gain or loss if he subsequently sells the property for $160,380? For $94,770? if Alfred sells the property for $160,380, he has a recognized gain of 43,740 X If Alfred sells the property for $94,770, he has a recognized loss of 21,870