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Required information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December

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Required information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29. WR Outfitters sold to Bob a warehouse and the land for $200,000. The appraised fair market value of the warehouse was $77,250, and the appraised value of the land was $156,000. Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 10-45 Part b (Algo) b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $52,250, and the appraised value of the land was $200,000

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