Babex Inc. and OMG Com e of real property. Here is the information for the properties to be exchanged: pany entered into an exchang Babex 1,000,000 OMG 825,000 Fair Market Value Adjusted Tax Basis Mortgage 768,00 37 175,000 51 ?11,ao -0 Pursuant to the exchange, OMG assumed the mortgage on the Babex property A) Compute Babex's gain realized and gain recognized on the exchange and its tax basis in the property acquired from OMG. (7 points) tor eavxC in B) Compute OMG's gain realized and gain recognized on the exchange and its tax basis in the property acquired from Babex. (7 points) bsnoa