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Mrs. Gomez, a widow, paid $184,000 for her home 20 years ago. She recently sold this home and moved in with her son on a

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Mrs. Gomez, a widow, paid $184,000 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:) a. $173.000. b. $335,000 c. $548,000 No gain/loss Recognized gain Recognized gain Amount $ $ 151.000 $ 364,000

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