Geraldine Berry exchanged her investment-use reat property for a larger piece of investment-use property. At the time of the exchange, the fair market value (FMV) of the property she traded was $46,000, and her adjusted basis in this FMV of $53,000. What is Geraldine's gain realized and the gain recognized on the exchange? property was $24,000. She also provided $8,000 cash. In the exchange, she received investment-use property with an $0 and $21,000 $8,000 and $32,000 $21,000 and $0 $32,000 and $8,000 1 000