You may answer this question by yourself or in a group of 2 to 4 people. However, you CAN NOT get help or assistance from any other student or group. Note: You do not have to get this question correct to get full credit. You do need to show all your work/reasoning. Sally has property with a fair-market value of $100 and a basis of $60. Lisa has property with a fair-market value of $100 and a basis of $110. They decide to exchange their property. What amount does Sally realize? What amount does she recognize? What amount does Lisa realize? What amount does she recognize? What is Sally's basis in her new property? What is Lisa's basis in her new property