QUESTION 14 Sara owns an automobile for personal use. The adjusted basis is $13,500 and the FMV is $10.500. Sara has owned the car for two years. 1. Calculate the realized gain (loss) of Sara sells the vehicle for $12,500. 2. Calculate the recognized gain (loss) if Sara sells the vehicle for $12,500. 3. Calculate the realized gain (loss) if Sara sells the vehicle for $15,000. 4. Calculate the recognized gain (loss) If Sara sells the vehicle for $15,000