Question 10 In 2016, Penny exchanges a lot in Santa Barbara with a mountain view for a lot with an occan view in a qualifying like- kind exchange. Penny's basis in the land given up is $100,000 and the property has a fair market value of $250.000. In exchange for her property, Penny receives Innd with a fair market value of $200,000 and cash of $20,000. In addition, the a. Calculate Penny's realized gain, if any, on the exchange. b. Calculate Penny's recognized gain, if any, on the exchange. c. Calculate Penny's basis in the property received