Sids home was destroyed by fire. He had purchased the home 18 months ago for $950,000. He received $1,300,000 from his insurance company to replace the home. If he fails to rebuild the home or acquire a replacement home in the required time, how much gain must he recognize on this conversion? a. $350,000 b. $162,500 c. $100,000 d. $0 e. None of the above