Problem 09-16 (Algo) [LO 9-2, 9-6] Company B and Firm W exchanged the following business real estate: Blackacre Whiteacre (exchanged (exchanged by B) by W) FMV $ 498,000 $ 591,000 Mortgage (124,500) (217,500). Equity $ 373,500 $ 373,500 Required: a. If B's adjusted basis in Blackacre was $298,800, compute B's realized gain, recognized gain, and basis in Whiteacre. b. If W's adjusted basis in Whiteacre was $118,200, compute W's realized gain, recognized gain, and basis in Blackacre. Complete this question by entering your answers in the tabs below. Required A Required B If B's adjusted basis in Blackacre was $298,800, compute B's realized gain, recognized gain, and basis in Whiteacre. Amount Realized gain Recognized gain Basis Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B If W's adjusted basis in Whiteacre was $118,200, compute W's realized gain, recognized gain, and basis in Blackacre. Amount Realized gain Recognized gain Basis