Paul owns a building used in his business with an adjusted basis of $540,000, a FMV of $750,000, and is subject to a liability of $210,000. He exchanges the building for another building owned by Kelley. Kelley's building has a FMV $550,000, and Kelley assumes the liability on Paul's building in the exchange. a) What is Paul's realized gain? b) What is Paul's recognized gain? c) What is Paul's new basis for the building (like-kind asset) received in the exchange