QUESTION 4 Mary received a gift of income-producing property with an adjusted basis of $49,000 to the donor and fuir market value of $35,000 on the date of gift. No Federal gift tax was paid by the donor. Mary subsequently sold the property for $51,000. What is the recognized gain or lose? O a. 50 b.($4,000) O c $2,000 Od 516,000 e. None of the above