Question 25 Allied Corp exchanged a warehouse for a factory. The fair market value of the warehouse is $170,000 (adjusted basis of $100,000), and the fair market value of the factory is $200,000 (adjusted basis of $80,000). Allied also paid cash of $30,000 in the exchange. What is Allied Corp's basis in the factory following the exchange? $70,000 $200,000 $100,000 None of the choices are correct. $130,000