Nikeya sells land (adjusted basis of $120,000) to her adult son, Shamed, for its appraised value of $95,000. Which of the following statements is correct? Oa. Nikeya's recognized loss is $25,000 ($95,000 amount realized $120,000 adjusted basis) Ob. If Shamed subsequently sells the land for $112,000, he has no recognized gain or loss. Oc. Shamed's adjusted basis for the land is $120,000 ($95,000 cost $25,000 disallowed loss for Nikeya). Od. Only "Nikeya's recognized loss is $25,000 ($95,000 amount realized $120,000 adjusted basis)" and "Shamed's adjusted basis for the land is $120,000 ($95,000 cost $25,000 disallowed loss for Nikeya)" are correct. Oe. "Nikeya's recognized loss is $25,000 ($95,000 amount realized $120,000 adjusted basis)", "Shamed's adjusted basis for the land is $120,000 ($95,000 cost + $25,000 disallowed loss for Nikeya)", and "If Shamed subsequently sells the land for $112,000, he has no recognized gain or loss" are correct