In 2018, Paul and Samantha entered into a 1031 like-kind exchange. Paul exchanged an apartment building in Washington for Samanthas apartment building in Oregon. Pauls apartment building had a fair market value of $700,000 and an adjusted basis of $275,000. Pauls apartment building is also encumbered by a $150,000 mortgage. Samanthas building has a fair market value of $500,000 and has a basis of $175,000. Samantha will assume the mortgage on Pauls apartment building. Samantha will also pay Paul $50,000 cash.

A) What are Pauls and Samanthas realized and recognized gains or losses on the exchange?

B) What are Pauls and Samathas bases in the new buildings acquired?