Linda Loren transfers an apartment building with an adjusted basis of $150,000 and a fair market value of $240,000 for Carol Comb's apartment building (adjusted basis $140,000) with a fair market value of $200,000. Linda's mortgage of $60,000 is assumed by Carol whose mortgage of $20,000 is assumed by Linda. What is the realized and recognized gain or loss for Linda and Carol and what are their bases in their acquired buildings?