Maria a sole proprietor, collected $8650 on November 21, 2016 on some of her outstanding receivables. Her basis in these receivables was $0. What is the gain or the loss Maria recognizes for 2016? no gain or loss as the payments are within the normal course of business. a short-term gain as the pa9 are from receivables that are always considered short-term. a short-term loss as the FMV is greater than the payments received on the receivables. an ordinary gain because the receivables had a FMV greater than the basis of the receivables