Mrs. Stile owns investment land subject to a $600,000 nonrecourse mortgage. Her basis in the land is $212,000, and the land's appraised FMV is \$575,000. Mrs. Stile is considering defaulting on the mortgage and allowing the creditor to foreclose. If Mrs. 5 tile disposes of the land through a foreclosure, she will recognize: $212.000 capital loss $212,000 ordinary abandonment loss $363,000 capital gain $388,000 capital gain