Lily exchanges a small storage shed she uses in her rental business for an assortment of vehicles and tools owned by Kendall, which she will use in her rental business. The adjusted basis of Lilys building is $120,000 and the fair market value is $170,000. Which of the following statements is correct? a)Lilys recognized gain is $50,000 and her basis for the vehicles and tools received is $120,000. b)Lilys recognized gain is $50,000 and her basis for the vehicles and tools received is $170,000. c)Lilys recognized gain is $0 and her basis for the vehicles and tools received is $120,000. d)Lilys recognized gain is $0 and her basis for the vehicles and tools received is $170,000