Sarah inherits a home on july 1, 2021. sarah decides to sell her old principal residence, which she has owned and occupied for 9 years, with an adjusted basis of $125,000, and move into an inherited home. On September 16,201, she sells the old residence for $600,000. Sara incurs selling expensese of $30,000 and legal fees of $2,000. What is Sarah's recognized gain on the sale of her old principal residence? NOTE: Assume Sarah is single

a) $0

b) $193,000

c) $443,000

d) $475,000