2. Taliahassee Company transferred land that it has held for 10 years as investment to Miami incorporated in exchange for a warehouse to be used in its business operations. The land has a $75,000 mortgage and Miami inc. accepts the land subject to the mortgage. Tallahassee Company's adjusted basis in the land is $2,100,000 and the land's fair market value is $3,300,000. Miami incorporated's adjusted basis in the warehouse is $2,250,000. its fair market value is $3,400,000, Miami inc. had held the warehouse for 12 years. it has a $275,000 mortgage and Tallahassee Company accepts Miami's warehouse subject to the mortgage, Miami Incorporated also gave ABC Company stock worth $100,000 that it had purchased three years eartier for $35,000. Determine each company's (i) realized gain(s), (ii) recognized gain(s), (ii) basis in each property received, and (iv) holding period (in years) of each asset received. If the holding period is new (rather than carryover) record it as new. Record your answers in the appropriate cells of the table provided below