Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $171,000. The appraised fair market value of the warehouse was $124,500, and the appraised value of the land was $139,500.

b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $99,500, and the appraised value of the land was $171,000?