Thomas exchanges a business storage facility with a $120,000 adjusted basis for $40,000 cash and a parking lot with a $140,000 FMV. Identify on the exchange: 1. Adjusted Basis 2. Amount Realized 3. Gain realized 4. Gain recognizes 5. Value of boot received $60.000 Gain realized $40,000 Gain recognizes on the exchange $180,000 Amount Realized $40,000 Value of boot $120.000 Adjusted Basis $180,000 Amount received by initiator