A. Jan owns a small office complex in Gilbert. She wishes to get out of the office trade and move into residential properties. She becomes aware of a suitable two-unit apartment building in Surprise owned by Dean. Jan and Dean negotiate and agree to exchange the two properties. The following information is provided: Dean agrees that he will assume Jan's mortgage debt as part of the transaction. Questions: 1. What is the amount realized for each party to the exchange? 2. What is Jan's and Dean's realized gain/loss on this exchange, respectively? 3. What is Jan's and Dean's recognized gain/loss on this exchange, respectively? 4. Compute the tax basis in the acquired property for each party. B. Assume Dean used 100 shares of Bigco stock he has owned for the past three years instead of the cash boot. Do your answers to the above questions change? Assume he paid $18,500 for the stock and its current FMV is $25,000 A. Jan owns a small office complex in Gilbert. She wishes to get out of the office trade and move into residential properties. She becomes aware of a suitable two-unit apartment building in Surprise owned by Dean. Jan and Dean negotiate and agree to exchange the two properties. The following information is provided: Dean agrees that he will assume Jan's mortgage debt as part of the transaction. Questions: 1. What is the amount realized for each party to the exchange? 2. What is Jan's and Dean's realized gain/loss on this exchange, respectively? 3. What is Jan's and Dean's recognized gain/loss on this exchange, respectively? 4. Compute the tax basis in the acquired property for each party. B. Assume Dean used 100 shares of Bigco stock he has owned for the past three years instead of the cash boot. Do your answers to the above questions change? Assume he paid $18,500 for the stock and its current FMV is $25,000