6. (2 points) Tom enters into a like-kind exchange is which he will transfer land with a FMV of $80,000 and an A/B of $52,000 to his exchange partner. Tom will receive land worth $68,000 and the exchange partner will assume Tom's mortgage on land he is transferring in the amount of $12,000. a. What is the realized and recognized gain to Tom on the exchange? b. What is Tom's A/B in the new property