Metro corp. traded land a for land b. metro originally purchased land a for $50,000 and land a’s adjusted basis was $25,000 at the time of the exchange. what is metro’s realized gain or loss, recognized gain or loss, and adjusted basis in land b in each of the following alternative scenarios? (loss amounts should be indicated by a minus sign. input all other amounts as positive values. leave no answer blank. enter zero is applicable.) a. the fair market value of land a and of land b is $40,000 at the time of the exchange. the exchange does not qualify as a like-kind exchange.