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pls help Firm J sold marketable securities to Company B....

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Accounting

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Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $65,500. Compute Firm J's recognized gain or loss if: Required: a. The seling price was $71,700, and Firm J and Company B are unrelated parties b. The selling price was $71700, and Firm J and Company B are releted partios. c. The selling price was $39,500, and Firm J and Company B are unrelated parties. d. The selling price was $39,500, and fim J and Company B are related parties. Note: For all requirements, if the results of a transaction do not result in a gain or los5, select 'No gain/loss

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