Problem 14-42 (Algorithmic) (LO. 1, 2, 3) Roberto has received various gifts over the years and has decided to dispose of the following assets he received as gifts in the transactions indicated below. Determine the recognized gain or loss from the following transactions, assuming that no Federal gift tax was paid when the gifts were made. If an answer is zero, select "neither a galn nor a loss and enter "o" as the amount a. In 1981, he received land worth $45,120. The donor's adjusted basis was $50,760. Roberto sells the land for $112,800 in 2020. of $ is recognized. b. In 1986, he received stock in Gold Company. The donor's adjusted basis was $104,320. The fair market value on the date of the gift was $91,280. Roberto sells the stock for $130,400 in 2020. is recognized c. In 1992, he received land worth $33,750. The donor's adjusted basis was $45,000. Roberto sells the land for $20,250 in 2020 is recognized d. In 2013, he received stock worth $30,000. The donor's adjusted basis was $42,000. Roberto sells the stock for $38,000 in 2020, is recognized If an answer is zero, select "neither a gain noi a. In 1981, he received land worth $45,120. The di of $ is recogi Neither a gain nor a loss stock in Gold Company. The A gain ells the stock for $130,400 in A loss is recogni c. In 1992, he received land worth $33,750. The dono of $ is recognize d. In 2013, he received stock worth $30,000. The donor of $ is recognized