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Consider the following like-kind exchanges: (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. i Data Table - X Basis of Land Exchanged FMV of Boot Received FMV of Land Received $ 0 $ 30,000 60,000 5,000 70,000 25,000 10,000 24,000 20,000 $ 55,000 115,000 25,000 30,000 13,000 20,000 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 Exchanged FMV of Boot Received FMV of Land Received Realized Gain (Loss) Recognized Gain (Loss) Basis of Land Received $ 0 $ $ $ 60,000 30,000 $ 70,000 65,000 55,000 50,000 90,000 55,000 10,000 18,000 13,000 20,000 30,000 50,000