Tammy exchanges a storage lot used in her trade or business for another piece of land. In addition, she gives 200 shares of Garnet Corporation stock which have a fair market value of $38,000 and a basis of $19,000. The storage lot has an adjusted basis of $36,000 and the new land has a fair market value of $100,000. What is the recognized gain or loss and the basis of the new piece of land? a. $26,000 and $74,000 b. $19,000 and $74,000 c. $26,000 and $100,000 d. $19,000 and $100,000

I always get confused with these can you show me how to did it?