tauber inc and J&I company exchanged like kind assets. tauber's asset had a $17,500 FMV and $3,000 adjusted tax basis, and J&I's asset had a $19,000 FMV and a $9,000 adjusted tax basis. tauber paid $1,500 cash to J&I as part if the exchange. which of the following statements is false?

tauber's realized gain is $14,500 and recognized gain is zero

tauber's basis in its newly acquired asset is $4,500

J&I's basis in its newly acquired assyis $9,000

J&I's realized gain is $10,000 and recognized gain is zero