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Consider the following like-kind exchanges: E (Click the icon to view the like-kind exchanges.) Requirement Determine the realized gain or loss, the recognized gain or loss, and the basis of the land received for each like-kind exchange. (Enter a loss with a minus sign or parentheses, Complete all input fields. Enter a "0" for any zero balances.) Basis of Land FMV of FMV of Realized Recognized Basis of Land Data table Exchanged Boot Received Land Received Gain (Loss) Gain (Loss) Received $ 5,000 $ 0 55 35,000 85515 of Land FMV of FMV of Exchanged Boot Received Land Received $ 5,000 $ 0 $ 85,000 45,000 10,000 100,000 70,000 40,000 90,000 100,000 20,000 30,000 40,000 33,000 20,000 Done