Questions 18 through 20 are based on the following information: The ABC partnership is ownded by three unrelated individuals. A owns 80 percent, B owns 10 percent, and C owns 10 percent. A sells property with an adjusted basis of $650,000 to ABC for $300,000. The property was held by A for investment, but will be held as inventory by ABC. A's recognized loss is None of these. $280,000 $350,000 O SO QUESTION 19 See Question 18 for facts. If ABC resells the property for $850,000, the gain or loss recognized by the partnership is $200,000 $350,000 $180,000 None of these. See Question 18 for facts. What amount and character of gain will be reportedbyAli insted e selis the propert007 O 0 $75,000 capital gain O None of these. $75,000 ordinary income