Question 7 4 pts In the current year, Theresa made a gift of jewelry with an adjusted basis of $6,000 to Joan. The FMV at the time of the gift was $5,000. Theresa paid a gift tax of $1,200. What are Joan's bases for computing gain and loss? Gain = $5,000 Loss = $5,000 Gain = $6,000 Loss = $6,000 Gain = $6,000 Loss = $5,000 Gain = $6,200 Loss = $5,000