In $2018$ Devon exchanged a large rental unit in an apartment building having a fair market value of $$350,000$ for cash of $$30,000$ and a smaller rental unit with a fair market value of $$320,000.$ Her adjusted basis in the large unit is $$280,000.$ How much gain should she recognize for this exchange and what is her basis in the smaller unit?

Question options:

Recognized gain is $$0$ and her basis in the smaller rental unit is $$320,000$

Recognized gain is $$0$ and her basis in the smaller rental unit is $$250,000$

Recognized gain is $$30,000$ and her basis in the smaller rental unit is $$350,000$

Recognized gain is $$30,000$ and her basis in the smaller rental unit is $$280,000$

None of the above