Exercise 10-26 (Algorithmic) (LO. 14) Heather sells land (adjusted basis, $134,600; fair market value, $174,980) to a partnership in which she controls an 80% capital interest. The partnership pays her only $94,220 for the land. If an amount is zero, enter "0". a. How much loss does Heather realize and recognize? Realized loss: $ Recognized loss: $ b. If the partnership later sells the land to a third party for $148,060, how much gain does that partnership realize and recognize? Realized gain: si Recognized gain: $