Problem 13-71 (Algorithmic) (LO. 6) 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: Sarah's real property Tyler's real property Equipment Adjusted Basis $6,960 3,480 3,132 Fair Market Value $17,400 13,920 5,220 a. What are Sarah's recognized gain or loss and basis for the land and building and equipment acquired from Tyler? Her recognized is s . Her adjusted basis in the land and building she acquired from Tyler is and her adjusted basis in the equipment is s b. What are Tyler's recognized gain or loss and basis for the land and building acquired from Sarah? Tyler's recognized , and his adjusted basis in the land and building he acquired from Sarah is