I:12-32 Like-Kind Exchange: Transfer of Boot. Wayne exchanges unimproved land with a

$50,000 basis and marketable securities with a $10,000 basis for an eight-unit apartment building having a $150,000 FMV. The land and marketable securities are held by Wayne as investments, and the apartment building is held as an investment. The marketable securities have a $25,000 FMV. What is his realized gain, recognized gain, and the basis for the apartment building?