Jannelle exchanges a machine used in her trade or business for another machine. In addition, she gives 200 shares of Intel stock which have a fair market value of $38,000 and a basis of $29,000. The old machine has an adjusted basis of $36,000 and the new machine has a fair market value of $80,000. What is the recognized gain or loss and the basis of the new machine? a. $6,000 and $74,000. b. $9,000 and $74,000. c. $6,000 and $80,000. d. $9,000 and $80,000. e. None of the above