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If Bobcat had sold a piece of Land w/FMV of 100,000 to...

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Accounting

If Bobcat had sold a piece of Land w/FMV of 100,000 to the Ohio Company for 80,000, which is a related party, What would be the Ohio Company's basis in the land be?
If Ohio Holds the investment for 5 years and then sells the securities, what would be the Gain/Loss Realized and Recognized for the following scenarios?
Realized Recognized
Sold for $80,000
Sold for $100,000
Sold for $115,000

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