QUESTION 25 During the current year, Munter Corporation exchanged an office building used in its business for a warehouse to be used in its business. The following summarizes the relevant data on the date of exchange: Adjusted Fair Market Basis Value 300,000 350,000 As part of the exchange, Munter Corporation received $200,000 cash. What is the recognized gain on this exchange, and what is the tax basis of the warehouse to Munter, respectively? a. $150,000 and $350,000 b. $0 and $100,000 C. 50 and $200,000 d.$200,000 and $400,000