mr and mrs trent divorced last year. pursuant to the divorce mr trent transferred marketable securities (FMV $1100,000; basis $67,000) to mrs trent. this year, mrs trent sold the securities for $112,000. which of the following statements is true?

mrs trent recognized $100,000 income last year

mrs trent recognized a $45,000 gain on sale this year

mrs trent recognized no income last year and no gain on sale this year

mrs trent recognized a $12,000 gain on sale this year