Nikeya sells land (adjusted basis of $120,000) to her adult son, Shane, for its appraised value of $95,000. How much gain or loss does Nikita recognize on the sale? How much gain or loss does Shane recognize if he later sells the land for $125,000? What if Shane later sells the land for $90,000? What if Shane later sells the land for $105,000? Assume all of Shanes sales are to an unrelated third party.