Required information [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 $125,000. The appraised fair market value of the warehouse was $75,000, and the appraised value of the land was $100,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. What is Bob's basis in the warehouse and in the land? X Answer is complete but not entirely correct. Warehouse Bob's Basis 71,429 X 53,571 X Land