Assume the property meets the definition of "like-kind."

Fill in the blanks. Assume the property meets the definition of a like-kind exchange.

\begin{tabular}{|c|c|c|c|c|} \hline Basisofpropertyexchanged & FMVofbootreceived & FMVofpropertyreceived & RecognizedGain(loss) & Basisofpropertyreceived \\ \hline$20,000 & n/a & $85,000 & & \\ \hline 30,000 & 14,000 & 70,000 & & \\ \hline 60,000 & 25,000 & 65,000 & & \\ \hline 80,000 & n/a & 60,000 & & \\ \hline 90,000 & 22,000 & 55,000 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Basisofpropertyexchanged & FMVofbootreceived & FMVofpropertyreceived & RecognizedGain(loss) & Basisofpropertyreceived \\ \hline$20,000 & n/a & $85,000 & & \\ \hline 30,000 & 14,000 & 70.000 & & \\ \hline 60,000 & 25,000 & 65,000 & & \\ \hline 80,000 & n/a & 60,000 & & \\ \hline 90.000 & 22.000 & 55,000 & & \\ \hline \end{tabular}