Juniper, Inc., exchanges some real estate (basis of $800,000 and fair market value of $1,000,000) for other real estate owned by Birch, Inc., (basis of $1,200,000 and fair market value of $900,000) and $100,000 in cash. The real estate involved is unimproved and is held by Juniper and Birch, before and after the exchange, as non-investment property held for future business use. If an amount is zero, enter "o". a. Juniper's realized gain on the exchange is s and its recognized gain is s b. Birch's realized loss is and its recognized loss is $ C. Indicate whether each of the following is "True" or "False" regarding the wherewithal to pay concept as applied to like-kind exchanges (5 1031). a. The wherewithal to pay concept recognizes the inequity of taxing a transaction when the taxpayer lacks the means with which to pay the tax. b. By receiving the $100,000, Juniper's economic situation has changed. C. The recognition of Birch's realized loss is consistent with the usual approach of the wherewithal to pay concept