Question 10 (1 point) Landlord Jones exchanges a rental property with a basis of $250,000 and a value o $400,000 for a different rental property with a value of $350,000 from landlord Davis. Davis' basis in her rental property is $225,000. Davis also gives Jones $50,000 in cash. For Jones, which of the following statements is true? Jones' basis in the like-kind property received is $250,000. Jones' basis in the like-kind property received is $300,000. Jones basis in the like-kind property received is $350,000 Onone of the above Question 11 (1 point) Landlord Jones exchanges a rental property with a basis of $250,000 and a value of $400,000 for a different rental property with a value of $350,000 from landlord Davis. Davis' basis in her rental property is $225,000. Davis also gives Jones $50,000 in cash. For Davis, which of the following statements is true? Davis has a realized and recognized gain of $175,000. Davis has a realized gain of $125,000 but no recognized gain. Davis has a realized gain of $125,000 and a recognized gain of $125,000. Davis has a realized gain of $50,000 and no recognized gain