4. Eric and Fred exchange warehouses in a transaction that qualifies as a like-kind exchange. Before the exchange, Eric's warehouse has a fair market value (FMV) of $68,000 and an adjusted basis of $74.000, while Fred's warehouse has a fair market value of $69.000 and an adjusted basis of $56,000. As part of the transaction. Eric gives Fred a motorcycle (FMV = $6,000. adjusted basis = $5,000) and Fred gives Eric tools (FMV = $5,000, adjusted basis = $12,000). How much is Eric's realized gain or loss, and recognized gain or loss? a) Total realized loss = $5.000; total recognized loss = $5,000. b) Total realized loss = $5,000; total recognized loss = $4,000. c) Total realized loss = $5,000; total recognized gain = $1,000. d) Total realized loss = $6,000; total recognized gain = $1,000. e) Total realized loss = $6.000; total recognized gain loss = $0