Lucinda has real estate used in her business. She exchanges it for like$-$kind real estate owned by

Brandon. $($Lucinda and Brandon are not related.$)$ The basis of Lucinda$$s real estate is $$50,000$ and she

gives Brandon $$10,000$ cash plus the real estate in exchange for Brandon$$s real estate, which is worth

$$46,000.$ Brandon$$s basis in his original real estate is $$10,000.$ What is Lucinda$$s recognized gain or loss?

a$.$ $$0.$

b$.$ $$11,000$ gain.

c$.$ $$14,000$ loss.

d$.$ $$14,000$ gain