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 $94,000 exchanged for a personal-use river cottage with an FMV of $120,000. b. General Motors common stock with an adjusted basis of $20,500 exchanged for Quaker Oats common stock with an FMV of $16,250. c. Land and building with an adjusted basis of $20,200 used as a furniture repair shop exchanged for land and a building with an FMV of $45,800 used as a car dealership. d. An office building with an adjusted basis of $21,600 exchanged for a heavy-duty truck with an FMV of $26,100. Both properties are held for 100% business purposes. e. A residential rental property held for investment with an adjusted basis of $237,100 exchanged for a warehouse to be held for investment with an FMV of $195,300. Note: For all requirements, if no gain or loss is recognized, select "No gain or loss". a Basis of the new property a. b. Basis of the new property b. C. Basis of the new property C d Basis of the new property d. e. Basis of the new property e. Amount