please answer all

3. Roberto has received various gifts over the years and has decided to dispose of the following assets he received as gifts: What are the amount and character of Roberto's recognized gain (loss) from the following transactions, assuming that no gift tax was paid when the gifts were made. a. In 1998, he received land worth $31,000. The donor's adjusted basis was $34,000. Roberto sells the land for $90,000 in 2024. b. In 1996, he received stock in Gold Company. The donor's adjusted basis was $18,000. The fair market value on the date of the gift was $36,000. Roberto sells the stock for $42,000 in 2024. c. In 2002, he received land worth $16,000. The donor's adjusted basis was $21,000. Roberto sells the land for $10,000 in 2024. 4. Renata Corporation purchased equipment in 2022 for $185,000 and has taken $82,000 of regular MACRS depreciation. Renata Corporation sells the equipment in 2024 for $120,000. a) What is the amount and character of Renata's gain or loss? b) What if Renata sold the equipment for $210,000? c) What if Renata sold the equipment for $80,000? 5. Logan and Jonathan exchange land, and the exchange qualifies as like-kind under 1031. Logan's land (adjusted basis of $90,000) is worth $150,000, but it is subject to a mortgage of $40,000. Jonathan's land has a fair market value of $90,000 (adjusted basis of $30,000), Jonathan also gives Logan cash of $ 10,000. Jonathane assumes the $50,000 mortgage on the apartment house. a. What is Logan's realized gain or loss? b. What is Logan's recognized gain or loss? c. What is Logan's basis in the land received?