Chapter 15 - Question 5 Please, help me to solve this on. I got the answer from Chegg, but still confused. Could you give another way to explain more detail. Thank you Sarah exchanges a building and land (used in her business) for Tyler's land and building and some equipment (used in his business). The assets have the following characteristics: Adjusted Basis Fair Market Value Sarahs real property $8,080 $20,200 Tylers real property 4,040 16,160 Equipment 3,636 6,060 a. Sarah's recognized ____ is $_____ . Her adjusted basis in the land and building she acquired from Tyler is $_____ , and her adjusted basis in the equipment is $_____ . b. Tyler's recognized _____ is $ _____ , and his adjusted basis in the land and building he acquired from Sarah is $ _____