QUESTION 2 Ralph gives his daughter, Angela, stock (basis of $6,000; fair market value of $10,000). No gift tax results. If Angela subsequently sells the stock for $4,000, what is her recognized loss? a. SO b. $2,000 c. $4,000 d. $10,000 e. None of these QUESTION 3 Max gives his daughter, Jane, stock (basis of $8,000; fair market value of S4,000). No gift tax results. If Jane subsequently sells the stock for $5,000, what is her recognized gain or loss? a $0 b. $2,000 c. $4,000 d. $10,000 e. None of the above