Problem 1 (10 points) C and D participated in a like kind exchange on October 27, 2018. C gives D property which is a capital asset purchased on April 9, 2015. D gives C property which is a capital asset purchased on March 21, 2013. C gives D property with FMV: $ 290.00 Basis: 125.00 D gives C property with FMV: $250.00 Basis: $80.00 Cash: $40.00 1. What is C's realized gain? 2. What is C's recognized gain? 3. What is C's basis in the property received? 4. When does C's holding period begin