Susco distributed two assets in a transaction that qualified as a redemption. One asset had an adjusted basis of $100,000 and a fair market value of $135,000. The other asset had an adjusted basis of $220,000 and a fair market value of $200,000. As a result of these distributions Susco has: A recognized gain of $35,000 and no recognized loss A net gain of $15,000 No recognized gain or loss None of these A recognized loss of $20,000 and no recognized gain please provide explanation