Pl:12-27 (similar to) Consider the following like-kind exchanges: (Click the icon to view the like-kind exchanges.) Requirement Determine the realized gain or loss, the recognized gain or loss, and the basis of the land received for each like-kind exchange. (Enter a loss with a minus sign or parentheses. Complete all input fields. Enter a "O" for any zero balances.) Basis of Land FMV of FMV of Realized Recognized Exchanged Boot Received Land Received Gain (Loss) Gain (Loss) $ 60,000 $ 0 $ 95,000 Basis of Land Received FMV of Boot Received FMV of Land Received $ 0 Basis of Land Exchanged $ 60,000 25,000 100,000 50,000 70,000 33,000 13,000 29,000 $ 95,000 110,000 105,000 25,000 65,000 10,000