Frank,a Single Person,sold His Home This Year Based on These Facts,what Is the Amount of His Recognized

Multiple Choice

Frank,a single person,sold his home this year.He had owned and lived in the house for 10 years.Frank signed a contract on March 4 to sell his home and closed the sale on May 3. $$\begin{array} { | l | r | } \hline \text { Sales price } & \$ 202,000 \\\hline \text { Selling expenses paid by Frank } & 12,000 \\\hline \text { Replaced a broken window on March 2 } & 200 \\\hline \text { Basis of old home before repairs and improvements } & 150,000 \\\hline\end{array}$$ Based on these facts,what is the amount of his recognized gain?

A) $0
B) $39,800
C) $40,000
D) $52,000