In a like-kind exchange, Mike exchanged real estate with a FMV of $80,000, an adjusted basis of $40,000, and subject to a $20,000 mortgage, for Bob's real estate with a FMV of $70,000, an adjusted basis of $35,000, and subject to a mortgage of $25.000. Mike also received $15,000 cash, and the liabilities were exchanged. Fill in the blanks below to calculate the gain or loss realized, gain or loss recognized, gain or loss unrecognized, and the basis of the new asset for Mike and Bob. (Cut and Paste and fill in boxes)