Sarah exchanges a yellow bus (used in her business) for Tyler's gray bus and some garage equipment (used in his business). The assets have the following characteristics:

	Adjusted Basis	Fair Market Value
Yellow bus	$6,000			$15,000
Gray bus	3,000			11,000
Equipment	2,000			4,000

a. Sarah's recognized gain is $. Her adjusted basis in the gray bus is $, and her adjusted basis in the equipment is $.

b. Tyler's recognized gain is $, and his adjusted basis in the yellow bus is $.