Bianca and Dion exchange real estate in a like-kind exchange. Bianca's basis in the real estate, subject to a $100,000 mortgage, is $250,000 and the...

Bianca and Dion exchange real estate in a like-kind exchange. Bianca's basis in the real estate, subject to a $100,000 mortgage, is $250,000 and the fair market value is $300,000. She receives real estate with a fair market value of $200,000 and Dion assumes the mortgage. What is Bianca’s recognized gain and adjusted basis for the real estate received?$0, $150,000.$50,000, $200,000.$50,000, $300,000.$100,000, $300,000.None of the above.

Bianca and Dion exchange real estate in a like-kind exchange. Bianca's basis in the real estate,subject to a $100,000 mortgage, is $250,000 and the fair market value is $300,000. She receivesreal...