Yolanda buys a house in the mountains for $378,000 which she uses as her personal vacation home. She builds an additional room on the house for $40,000. She sells the property for $560,000 and pays $28,000 in commissions and 54,000 in legal fees in connection with the sale. What is the recognized gain or loss on the sale of the house? O a. 50 b. $110,000 c. $142,000 Od: 5182.000 e. None of the above Katie wells her personal use tomobile for $12,000. She purchased the car three years ago for 525,000. What is Katie's recognized gain or loss? a. $0 b. $12.000 Gain OC 513,000 Los d. $25,000 Loss Oe None of the above Mary sells her personal use womobile for 530,000. She purchased the car Iwo years ago for $15,000. What is Muy recognized gain or loss? It increased in value due to its excellent mileage yetsafe design $3,000 55,000 120.000 O None of the above