Koch traded machine 1 for machine 2 when the fair market value of both machines was $50,000. Koch originally purchased machine 1 for $77,000 and machine 1's adjusted basis was $41,000 at the time of the exchange. Machine 2's seller purchased it for $64,000 and machine 2's adjusted basis was $56,000 at the time of the exchange. What is Koch's adjusted basis in machine 2 after the exchange? Multiple Choice $41,000. $50,000. $56,000. O $77,000. None of the choices are correct