Disposition of Business Assets Question 58 of 75. Shirley Lees exchanged her investment-use real property (FMV $30,000, basis >17,000) and $5,000 for a larger piece of investment-use real property (FMV $35,000). What is the gain realized and the gain recognized on the exchange O O O $0 and $13,000 $5,000 and $22,000 $13,000 and $0 $22,000 and $5,000 Mark for follow up Question 59 of 75. Gracie-Leigh Bryan's commercial property was condemned by the city government to expand a public park. Which date is the beginning of the threat or imminence of condemnation? O May 1, Gracie-Leigh notices a survey team from the public parks system in the neighborhood taking measurements and photos. May 15, the city council holds a private meeting to discuss park expansion options. July 12, the city council holds a televised press conference to announce the park expansion plan O November 30, Gracie-Leigh receives a condemnation award and transfers her property Mark for follow up Question 60 of 75. "condominium. For Sarah, this If land and $10.000 cash for a nonresidential condominium. Por