Case	Adjusted basis of Proproperty Given Up	FMV of Property Received	Cash received	Cash paid	Gain or Loss recognized	Basis of Property Received
1	70,000	59,000	6,000	-
2	40,000	36,000	5,000	-
3	30,000	25,000	-	-
4	40,000	60,000	10,000	-
5	30,000	32,000	2,000	-
6	50,000	50,000	-	10,000
7	50,000	40,000	25,000	-
Assume that all of these properties qualify for Sec. 1031 like-kind exchange treatement. For each of the inidivdual cases above, determine the gain or loss recgonized and the basis of the property received.