can you please solve this with an explanation

2) Gail Stream exchanged an apartment complex that she had owned for 9 years. The complex was worth $850,000 and Gail's basis was $375,000. The transferee assumed a note secured by an interest in the property of $600,000. Gail received $40,000 cash and assumed liability for loans in the amount of $680,000 against the farmland worth $890,000 she received. How much is Gail's gain recognized and her basis in the farmland? A. $0: $335,000 B. $475,000; $890,000 C. $80,000; $495,000 D. $40,000; $455,000