Suni owns land (adjusted basis of $90,000; fair market value of $125,000) that she uses in her business. Sheexchanges it for another parcel of land (worth $100,000) and stock (worth $25,000).a. Determine Suni's realized and recognized gain or loss on the exchange.Suni's realizedISand recognizedis $b. Determine Suni's basis in the new land.The basis of the new land isc. Determine Suni's basis in the stock she received.The basis in the stock she received is
