Valerie receives a painting as a gift from her aunt. The fair market value (FMV) of the painting is $6,000 on the date of the gift. Valerie's aunt's basis in the painting is $13,000. Three years later, Valerie sells the painting for $8,000. What is the amount of gain (or loss) recognized by Valerie when she sells the painting? $2,000 gain No gain (or loss) is recognized. O $5,000 loss O $8,000 gain O $7,000 loss