Lyle Company owns commercial real estate with a $$360,000$ initial cost basis and $$285,000$ accumulated straight$-$line depreciation. The real estate is subject to a $$120,000$ recourse mortgage and has an appraised FMV of only $$100,000.$ The mortgage holder is threatening to foreclose on the real estate because Lyle failed to make the last four mortgage payments. Determine the tax consequences of foreclosure assuming that a$.$ Lyle must pay $$20,000$ cash to the mortgage holder in full satisfaction of its recourse debt.$$b$.$ The mortgage