Katrina owns undeveloped land with an adjusted basis of $300,000. She exchanges it for other undeveloped land worth $750,000. 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 gain is $ and her recognized gain is $ b. What is Katrina's basis in the undeveloped land she receives? c. Would the answers in parts (a) and (b) change if Katrina exchanged the undeveloped land for land and a building? Yes No because the property like-kind property.