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Question 11 (1 point) Landlord Jones exchanges a rental property with a basis of $250,000 and a value of $400,000 for a different rental property with a value of $350,000 from landlord Davis. Davis' basis in her rental property is $225,000. Davis also gives Jones $50,000 in cash. For Davis, which of the following statements is true? Davis has a realized and recognized gain of $175,000 Davis has a realized gain of $125,000 but no recognized gain. Davis has a realized gain of $125,000 and a recognized gain of $125.000. Davis has a realized gain of $50,000 and no recognized gain. Question 12 (1 point) Landlord Jones exchanges a rental property with a basis of $250,000 and a value of $400,000 for a different rental property with a value of $350,000 from landlord Davis. Davis' basis in her rental property is $225,000. Davis also gives Jones $50,000 in cash