Please answer question number 4

Sot $200,000, and an outstanding, mortgage of $75,000. During 4. Mr. Smith owns property with a basis of 2018 Mr. Smith sells his pro smith sells his property to Mr. Jones for: a. $250,000 cash b. A building with a FMV of $300, $50,000, which Mr. Smith assumes. Mr. Jones assumes Mr. Smith d. Mr. Smith pays a sales comm $300,000. This building has an outstanding mortgage of es Mr. Smith's mortgage on the property purchased mith pays a sales commission of $20,000. Determine: (A) Mr. Smith's amount realized. (B) Mr. Jones's basis in the property received