Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $157,000. The appraised fair market value of the warehouse was $82,500, and the appraised value of the land was $133,500. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)

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What is Bobs basis in the warehouse and in the land?

-Warehouse

-Land

What would be Bobs basis in the warehouse and in the land if the appraised value of the warehouse is $57,500, and the appraised value of the land is $158,500? -Warehouse -Land