Question: Please show work and bold the final answer. Thank you! Required information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the questions displayed
Please show work and bold the final answer. Thank you!

Required information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $198,000. The appraised fair market value of the warehouse was $75,750, and the appraised value of the land was $126,750. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 10-45 Part b (Algo) What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $50,750, and the appraised value of the land was $198,000? Answer is complete but not entirely correct
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