Katrina owns undeveloped land with an adjusted basis of $264,375. She exchanges it for undeveloped land worth $587,500. Assume that Katrina holds the land as an investment. If an amount is zero, enter "0". a. What are Katrina's realized and recognized gain or loss? Her realized is $fill in the blank2 and her realized is $fill in the blank 4 . b. What is Katrina's basis in the undeveloped land she receives? $fill in the blank c. Would the answers in parts (a) and (b) change if Katrina exchanged the undeveloped land for land and a building? , because the property like-kind property.