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Wanting to finalize a sale before year - end, on December 2 9 , WR Outfitters sold to Bob a warehouse and the land for

Wanting to finalize a sale before year

-

end, on December

29,

WR Outfitters sold to Bob a warehouse and the land for $

126, 000 .

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

.

What is Bob\'s basis in the warehouse and in the land if the appraised value of the warehouse was $

138, 750

and the appraised value of the land was $

163, 500 ?

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