O Required information [The following information applies to the questions displayed below) Metro Corp, traded Land A for Land B. Metro originally purchased Land A for $50,000 and Land A's adjusted basis was $25,000 at the time of the exchange. What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Land B in each of the following alternative scenarios? (Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Leave no answer blank. Enter zero is applicable.) c. The falr market value of Land Als $35,000 and Land is valued at $40,000. Metro exchanges Land A and $5,000 cash for Land B. Land A and Land B are like-kind property Amount Description (1) Amount realized from Land B (2) Amount realized from boot (cash) (3) Total amount realized (4) Adjusted bas's (5) (6) (7) Deferred gain Adjusted basis in Land B