1.Adam and Ben traded parcels of land (both used in their respective business, i.e. like-kind).Adam's land A had an adjusted basis of $60,000 and FMV of $150,000.Ben's land B had an adjusted basis of $40,000 and FMV of $130,000.To make the trade equal, Ben also contributed $20,000 of cash to Adam.What is Adam's realized gain and recognized gain?What is Adam's basis in the land received?