8. (12 POINTS) The following independent like-kind INTS) The following independent like-kind exchanges occurred in 2019: 12. I Basis of Land Exchanged $30,000 $95,000 $70,000 $90,000 FMV of Boot Received $0 $24,000 $43,000 $20,000 FMV of Land Received $45,000 $70,000 $100,000 $55,000 3. 4. Determine the following for each transaction above: Realized gain or loss; Recognized gain or loss; and Basis of the land received