Landlord Jones exchanges a rental property with a basis of $250,000 and a value of $400,000 for a different rental property with a value of $350,000 from landlord Davis. Davis' basis in her rental property is $225,000. Davis also gives Jones $50,000 in cash. For Davis, which of the following statements is true? Davis' basis in the like-kind property received is $225,000. Davis' basis in the like-kind property received is $275,000 Davis' basis in the like-kind property received is $350,000 none of the above Question 13 (1 point) Martina exchanges a business building with a basis of $450,000 and a value of $400,000 for another building with a value of $350,000 plus $50,000 cash. Which of the following statements is true? Martina has a realized loss of $50,000, a recognized loss of $50,000, and a basis of $400,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, a recognized loss of $50,000, and a basis of $350,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, no recognized loss, and a basis of $400,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, no recognized loss, and a basis of $450,000 in the newly acquired like-kind property