solve both parts please.

Accountancy 503 Daily 8 (Sales and Other Dispositions) April 2020 Problem A (6 points) Elliot Mess exchanged a 12-unit apartment complex with Alfred Cappy for a 100-space mini warehouse property. Elliot also received cash of $5,000. The transaction is as follows: Apartments: Fair market value $ 480,000 Liability assumed by Alfred 200,000 Adjusted basis to Elliot 280,000 Mini warehouses: Fair market value $ 515,000 Liability assumed by Elliot 240,000 a. How much is Elliott's gain or loss recognized? b. How much is Elliott's basis in the mini-warehouses? Problem B (5 points) April sold several properties and made several withdrawals as follow in 2019: Sale of inherited stock (fair market value when inherited on June 22, 2011, $4,000; decedent's basis - $390) was sold on June 14 for $ 3,800 Withdrawal from traditional retirement account on June 15 6,000 Withdrawal from Roth retirement account on June 16 4,000 Loan from mortgage company on June 19 inherited home pledged as security) to purchase 2020 BMW on June 19 40.000 Sale of classic automobile received as a gift on June 22, 12016 (fair market value on June 22, 2016, $42,000; donor's basis = $5.200). sold on June 22 for 37,500 What is the tax effect (income, gain, deduction or loss recognized and character, including holding period when appropriate) of each of these transactions