Wanda sells stock in Martin Corporation to her brother Willis for $4,000. She had purchased the stock four years ago for $8,000 and the current fair market value of the stock is $4,000. Which of the following statements is correct regarding the tax consequences of this transaction? If Willis subsequently sells the stock to an unrelated party for $2,000, he will have a $6.000 loss. Wanda has a recognized loss of $4,000. If Willis subsequently sells the stock to an unrelated party for $9,000, he will realize a $1,000 gain. If Willis subsequently sells the stock to a t unrelated party for $6,000, he will realize a gain of $2,000