Mrs. Gomez, a widow, paid $177,500 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Required: Compute Mrs. Gomez's recognized gain or loss on the sale assuming that her amount realized was: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss'.) Amount No gain/loss $ 0 a. $170,500. b. $264,000. c. $516,000. Recognized gain Mrs. Gomez, a widow, paid $177,500 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Required: Compute Mrs. Gomez's recognized gain or loss on the sale assuming that her amount realized was: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss'.) Amount No gain/loss $ 0 a. $170,500. b. $264,000. c. $516,000. Recognized gain