This is an accounting question dealing with income taxes:

Canvas X $15,000 O $25,000 D Question 42 1.75 pts George dies and leave Jean his property worth $600,000. George paid $275,000 for the property. Jean sells the property for $650,000. What is Jean's gain or loss on the sale? $600,000 gain $275,000 loss $50.000 gain $650,000 gain D Question 43 15 pts Biolsi Corporation, a C corporation, has one shareholder, Donna. Biolsi earned $300,000 net profit during the current year and distributed $180,000 to Donna. Biolsi has a total of $106 000 of Earnings and Profits. Donna's basis in her stock is