QUESTION 12 Jos Gabriel Gonzlez dies (suspicious circumstances) and bequests property with a basis of $1,000 to Mara. At the time of Jose's mysterious death, the property has $800 FMV. Assume Maria subsequently sells the property for $1,100 or $700. What is her gain or loss? A $1,100 Selling Price $700 Selling Price $300 gain $300 loss B. 51,100 Selling Price $100 gain $700 Selling Price $100 loss O $1,100 Selling Price $300 gain $700 Selling Price $100 loss D. 51,100 Selling Price $100 gain 5700 Selling Price $300 loss 5700 Selling Price OE $1,100 Selling Price None of the above