Ava owned a building held for investment worth $500,000 in which her basis was $245,000. Ava owed a $120,000 mortgage on the building. She exchanged the building for a warehouse owned by Caddy Corp. which she intends to use in her business. Caddy assumed Avas mortgage. Caddy used the warehouse in its business and it intends to use Avas land in its business. Caddys basis in the warehouse was $600,000. Caddy owed a $200,000 mortgage on the building that Ava assumed. Caddy and Ava are completely unrelated. Required: Input a $ answer for each requirement but SHOW COMPUTATIONS for partial points. 1) What is the fair value of Caddys warehouse that was transferred to Ava? 2) What is Avas realized gain (loss) on the transaction? 3) What is Avas recognized gain (loss)? 4) What is Avas basis in the warehouse? 5) What is Caddys realized gain (loss) on the transaction? 6) What is Caddys recognized gain (loss)? 7) What is Caddys basis in the building?