NEED HELP

Which of the following is not a requirement to qualify for like-kind exchange treatment? Either the property transferred or the property given must be held for productive use in a trade or business or for investment. The property must be like-kind. The form of the transaction must be an exchange. Question 7 2 pts Joseph exchanges a building (business use), which has an adjusted basis of $30,000, for a new building (business use) worth $50,000. In addition, he receives cash of $10,000. What is the recognized gain or loss and the basis of the new building? $10,000 and 30,000 $0 and 50,000 $10,000 and 50,000 $0 and 30,000