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What Is the basis of the new property In each of the following situatlons? What...

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What Is the basis of the new property In each of the following situatlons? What Is the recognized galn or loss? a. Rental house with an adjusted basis of $111,500 exchanged fora personal-use river cottage with an FMV of $142,750. b. General Motors common stock with an adjusted basis of $24,000 exchanged for Quaker Oats common stock with an FMV of $18,000. c. Land and bullding with an adjusted basls of $24,750 used as a furniture repair shop exchanged for land and a building with an FMV of $53,500 used as a car dealership. d. An office bullding with an adjusted basls of $23,000 exchanged for a heavy-duty truck with an FMV of $28,550. Both propertles are held for 100% buslness purposes. e. A residentlal rental property held for Investment with an adjusted basls of $254,950 exchanged for a warehouse to be held for Investment with an FMV of $207,200 (For all requirements, If no galn or loss is recognized, select "No galn/loss".) Basis of the new property a. Recognized gain S 31,250 b. Basis of the new property Basis of the new property C. Basis of the new property d. Basis of the new property

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