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Check [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to

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Check [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $171,000. The appraised fair market value of the warehouse was $124,500, and the appraised value of the land was $139,500. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-45 Part b (Algo) b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $99,500, and the appraised value of the land was $171,000? Warehouse Land Bob's Basis

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