Problem 13-79 (LO. 6) Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges. If an amount is zero, enter "0". Boot Given Boot Received $4,000 Adjusted Basis of Old Asset $7,000 14,000 3,000 15,000 10,000 17,000 2,000 7,000 oooww Fair Market Value of New Asset $12,000 15,000 8,000 29,000 11,000 14,000 500 1,000 Adjusted Basis of Old Asset Gain/Loss Realized Recognized Postponed New Basis $7,000 $ $14,000 9 $3,000 9 0 $15,000 0 $10,000 $17,000 9