Problem 6: Use the information below to answer Problem 6 Questions 1 and 2. In 2021, Debbie receives stock as a gift from her uncle, Jerry. At the time of the gift, Jerry's adjusted basis in the stock is $27,000 and the fair market value of the stock is $17,000. One month later when the stock is worth $16,500, Debbie trades the stock for bonds with a fair market value of $15.000 and $1,500 cash (i.e. Debbie received a total value of $16,500 on the exchange, $15,000 in bonds and $1,500 in cash). Problem 6 Question 1: What is Debbie's recognized gain or loss from the exchange? a. ($10,500) b. ($500) C. $0 d. $16,500 Problem 6 Question 2: What is Debbie's basis in the bonds? a. So b. $15,000 c. $16,500 d. $17,000