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Yuna has owned and occupied her residence since August 18, Year 5. On May 12, Year 12, Yunasold her home for $320,000. She paid $200,000

Yuna has owned and occupied her residence since August 18, Year 5. On May 12, Year 12, Yunasold her home for $320,000. She paid $200,000 when she originally purchased the home. What is Yunas realized and recognized gain on the sale of her home?

Realized Recognized

$0 $0

$120,000 $120,000

$0 $120,000

$120,000 $0

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