In a like-kind exchange, Xavier exchanged real estate with a FMV of $100,000, an adjusted basis of $60,000, and subject to a $10,000 mortgage, for Jean's real estate with a FMV of $70,000, an adjusted basis of $47.000, and subject to a mortgage of $20,000. Xavier also received $18,000 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 Xavier and Jean. (Do not enter $ signs) FMV Of New Boot Received Boot Given Xavier Jean Amt Real Net of Boot Basis Gain/Loss Real.