29. Kevin exchanges an office building used in business for one owned by Charlene. The FMV of Kevin's building is $28,000 (basis $150,000) and it is subject to a mortgage of $50,000, which is assumed by Charlene. Kevin receives $30,000 cash and Charlene's office building, which has a FMV os $200,000 (basis of $180,000).

a. What is the amount of gain realized by Kevin?

b. What is the amount of gain recognized by Kevin?

c. What is the basis of the new building to Kevin?