please show all the work and reasoning, thank you

1. Donna exchanged Asset 1 (realty) with Colin in return for Asset 2 (realty) and $100,000. Asset 1 and 2 are like-kind assets (real estate). Donna's basis in Asset 1 is $80,000. Colin's Asset 2 has a FMV of $300,000 and a basis of $320,000. What is Donna's recognized gain or loss on the exchange? 2. Kurt exchanged Asset 1 (real estate) with Goldie in return for Asset 2 (real estate) and $50,000. Asset 1 and 2 are like-kind assets. Kurt's basis in Asset 1 is $80,000. Goldie's Asset 2 has a FMV of $300,000 and a basis of $320,000. What is Goldie's recognized gain or loss