What is the basis of the new property in each of the following situations? What is the recognized gain or loss? Required: a. Rental house with an adjusted basis of $81.500 exchanged for a personal-use river cottage with an FMV of S103.750. b. General Motors common stock with an adjusted basis of $18.000 exchanged for Quaker Oats common stock with an FMV of $15.000. c. Land and building with an adjusted basis of $16.950 used as a furniture repair shop exchanged for land and a bullding with an FMV of $40.300 used as a car dealership. d. An office building with an adjusted basis of $20.600 exchanged for a heavy-duty truck with an FMV of $24,350. Both properties are held for 100% business purposes. e. A residential rental property held for investment with an adjusted basis of $224,350 exchanged for a warehouse to be held for Investment with an FMV of $186.800. (For all requirements, if no galn or loss is recognized, select "No gain loss".) Amount Basis of the new property 5 Basis of the new property Basis of the new property Basis of the net propery e Basis of the new property