Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $198,000. The appraised fair market value of the warehouse was $75,750, and the appraised value of the land was $126,750.

. What would be Bobs basis in the warehouse and in the land if the appraised value of the warehouse was $50,750, and the appraised value of the land was $198,000?

Warehouse ?

Land?