please answer 1a, and b

Their agresos 30% Mohammad owns a trocking Company 2 He Recently exchanged acsch trock for a new truck with a manu- factures Suggested list Price of $150,000. In Reaching agreement The deal gave Mohammad a a discount off the list price as a trade in allowance for the used trocke and rcquired Mohammad to pay the difference of $105,000 in cash (Whoos he deda The fair value of the truck received was $140,000 net its list price , now C price, LA Docs mohammad have a gam or Loss? H Mohamads basis SAM CINCU 2100) ows and conul VC Dollar amount of mohammads basis trock nch