Ted purchases some forest land on July 1, 2013 from Bob with the intention of building a log cabin to use as a vacation home. To obtain the land: Ted pays $10,000 cash, assumes the seller's $19,000 mortgage on the land and pays $3,000 in commissions and legal fees related to the purchase. Ted pays all of the 2013 property tax totaling $6,000. Also: Ted pays a contractor $4,000 to bulldoze and level the site of the jog cabin. Ted has a well dug and water and sewer lines laid in the ground at a cost of $6,000. What is Ted's basis in the land at the end of 2013? What is Bob's net proceeds (amount realized from the sale)