What is the basis of the new property in each of the following situations? What is the recognized gain or loss? a. Rental house with an adjusted basis of $121,500 exchanged for a personal-use river cottage with an FMV of $155,750. b. General Motors common stock with an adjusted basis of $26,000 exchanged for Quaker Oats common stock with an FMV of $19,000. c. Land and building with an adjusted basis of $27,350 used as a furniture repair shop exchanged for land and a building with an FMV of $57,900 used as a car dealership. d. An office building with an adjusted basis of $23,800 exchanged for a heavy-duty truck with an FMV of $29,950. Both properties are held for 100% business purposes. e. A residential rental property held for investment with an adjusted basis of $265,150 exchanged for a warehouse to be held for investment with an FMV of $214,000. (For all requirements, if no gain or loss is recognized, select "No gain/loss".) a. Basis of the new property b. Basis of the new property c. Basis of the new property d. Basis of the new property e. Basis of the new property