Question: I need help solving this general accounting question with the proper methodology. Sophia sells a warehouse for $250,000 cash, and the buyer assumes Sophia's liability

I need help solving this general accounting question with the proper methodology.

Sophia sells a warehouse for $250,000 cash, and the buyer assumes Sophia's liability of $50,000 on the property. Sophia's adjusted basis in the warehouse is $180,000. What is the gain or loss Sophia will recognize on the sale

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