Company B and Firm W exchanged the following business real estate:

Required:

a$.$ If B$\text{'}$s adjusted basis in Blackacre was $$240,000,$ compute B$\text{'}$s realized gain, recognized gain, and basis in Whiteacre.

b$.$ If W$\text{'}$s adjusted basis in Whiteacre was $$100,000,$ compute W$\text{'}$s realized gain, recognized gain, and basis in Blackacre.

Answer is complete but not entirely correct.

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Required A Required $B$

If W$\text{'}$s adjusted basis in Whiteacre was $$100,000,$ compute W$\text{'}$s realized gain, recognized gain, and basis in Blackacre.