On September 18, 2016, Gerald received land and a building from Frank as a gift. Franks adjusted basis and the fair market value at the date of the gift are as follows: Asset Adjusted Basis FMV Land $100,000 $212,000 Building $80,000 $100,000 No gift tax was paid on the transfer. a. Determine Geralds adjusted basis for the land and building. b. Assume instead that the fair market value of the land was $87,000 and that of the building was $65,000. Determine Geralds adjusted basis for the land and building.