Nolan Inc. sold marketable securities with a $223,000 basis to Totem Company. Compute Nolan's recognized gain or loss assuming that: a. Nolan's amount realized on sale was $160,000, and Nolan and Totem are unrelated parties. b. Nolan's amount realized on sale was $275,000, and Nolan and Totem are unrelated parties. c. Nolan's amount realized on sale was $160,000, and Nolan and Totem are related parties. d. Nolan's amount realized on sale was $275,000, and Nolan and Totem are related parties.