Please answer in order of the question.

Problem 15-30 (Lo. 2) 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 Sarah's real property 120,000 Tyler's real property Equipment Fair Market Value $300,000 220,000 80,000 60,000 50,000 a. Sarah's recognized gain 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 gain is and his adjusted basis in the land and building he acquired from Sarah is