5 of 5 Belle has a real estate asset used in her business. She exchanges it for a like-kind asset owned by Ariel. The basis of Belle's asset is $40,000, and she gives Ariel $20,000 cash plus the asset in exchange for Ariel's asset, which is worth $36,000. Ariel's basis in her original asset is $10,000. What is Ariel's gain or loss? A B D $0 gain recognized. $0 loss recognized. $20,000 gain recognized. Inv03_17_22 $26,000 gain realized and recognized