Joe exchanged his old, personal-use car (FMV = $7000) with Betty. Joe purchased the car ten years ago for $34,800. Joe paid $200 in acquisition costs to purchase the car. In exchange, Betty gave Joe a motorcycle (FMV = $5000) plus $2000 cash. Betty originally purchased the motorcycle for $10,000. What is Joe's amount realized as a result of the exchange? What is Joe's adjusted basis in the car just prior to exchange? What is Joe's gain or loss realized on the exchange of the car? What is Betty's basis in the car immediately after the exchange?