Olson exchanges business real estate, FMV $140,000, basis $80,000, for like-kind property with FMV $125,000. Olson also receives cash of $15,000. What is Olson's basis in the new property? $125,000 $65,000 0 0 0 0 $80,000 $95,000 In 2002, a corporation has income from operations of $1,000,000, and an NOL carryover from 2019 of $1,150,000. What is taxable income for 2020? Zero $80,000 $200,000 Loss of $150,000