Problem 13-67 (Algorithmic) (LO. 6) Katrina owns undeveloped land with an adjusted basis of $360,000. She exchanges it for other undeveloped land worth $800,000. Assume that Katrina holds the land as an investment. If an amount is zero, enter "0". a. What are Katrina's realized and recognized gain or loss? Her realized is $1 and her recognized is $ b. What is Katrina's basis in the undeveloped land she receives? $ c. Would the answers in parts (a) and (b) change if Katrina exchanged the undeveloped land for land and a building? because the property like-kind property