D Question 1 1 pts On Jan 5, 2021 Louie purchased a property for $100,000. The property consisted of land, a building on the land, and some equipment that was in the building. Louie estimated that the land was worth $50,000, the building was worth $45,000, and the equipment was worth $10,000. How much cost would be assigned to the land (to the nearest $1)? Question 2 1 pts Alex Inc traded equipment. The old equipment had a cost of $30,000, a book value of $10,000; Alex also paid $20,000. In exchange, Alex received equipment that had a fair value of $36,000. What gain or loss (gain is positive, loss is negative) on the transaction, if there is commercial substance?