Firm PO and Corporation QR exchanged the following business real estate: FMV Mortgage Equity Marvin Gardens (exchanged by PO) $ 1,040,000 (715,000) $ 325,000 Boardwalk (exchanged by QR) $ 325,000 -O- $ 325,000 Required: a. If PO's adjusted basis in Marvin Gardens was $403,000, compute PO's realized gain, recognized gain, and basis in Boardwalk. b. If QR's adjusted basis in Boardwalk was $78,000, compute QR's realized gain, recognized gain, and basis in Marvin Gardens. Complete this question by entering your answers in the tabs below. Required A Required B If PO's adjusted basis in Marvin Gardens was $403,000, compute PO's realized gain, recognized gain, and basis in Boardwalk. Amount Realized gain Recognized gain Basis Firm PO and Corporation QR exchanged the following business real estate: FMV Mortgage Equity Marvin Gardens (exchanged by PO) $ 1,040,000 (715,000) $ 325,000 Boardwalk (exchanged by QR) $ 325,000 -0- $ 325,000 Required: a. If PO's adjusted basis in Marvin Gardens was $403,000, compute PO's realized gain, recognized gain, and basis in Boardwalk. b. If QR's adjusted basis in Boardwalk was $78,000, compute QR's realized gain, recognized gain, and basis in Marvin Gardens. Complete this question by entering your answers in the tabs below. Required A Required B If QR's adjusted basis in Boardwalk was $78,000, compute QR's realized gain, recognized gain, and basis in Marvin Gardens. Amount Realized gain Recognized gain Basis