! Required information Problem 14-44 (LO 14-2) (Algo) [The following information applies to the questions displayed below.] Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1,2007 , for $295,000. He sold the home on January 1,2022 , for $323,400. How much gain must Troy recognize on his home sale in each of the following alternative situations? Note: Leave no answer blank. Enter zero if applicable. Problem 14-44 Part a (Algo) a. Troy rented out the home from January 1, 2007, through November 30, 2008. He lived in the home as his principal residence from December 1,2008 , through the date of sale. Assume accumulated depreciation on the home at the time of sale was $9,800. Recognized gain