Ramon received a gift of stock from his uncle. The basis of the stock to his uncle was $22,925, and it had a FMV at the date of the gift of $16,000. The donor held the property for more than one year. Complete the following chart under the independent situations shown: (Negative amounts should be indicated by a minus sign.)

	Situation 1	Situation 2	Situation 3
Donors basis	$22,925	$22,925	$22,925
FMV at gift date	$16,000	$16,000	$16,000
Ramons selling price	$28,375	$13,450	$18,660
Basis to Ramon
Taxable gain (if any)
Deductible loss (if any)