(Answered) Question - cooper and dane companies exchange delivery

Accounting

Question - Cooper and Dane companies exchange delivery trucks with each other. The exchange qualifies as like-kind for both parties. Each of the exchanged properties is encumbered by liabilities. Cooper gives a truck with a $50,000 value and an adjusted basis of $35,000. Cooper's truck is encumbered by a $30,000 liability that is assumed by Dane. Dane transfers a truck with a value $30,000 and an adjusted basis of $35,000. Dane's truck is encumbered by a $20,000 liability assumed by Cooper. Both companies sell similar merchandise so Dane also gives Cooper $10,000 worth of merchandise inventory (basis to Dane = $6,000) to even up the transaction.
Provide labeled and sufficiently described answers to the questions below.

What is(are) Cooper's realized gain(s) or loss(es)?

What is(are) Dane's realized gain(s) or loss(es)?

What is(are) Cooper's recognized gain(s) or loss(es)?

What is(are) Dane's recognized gain(s) or loss(es)?

What is the basis of the like-kind property acquired by Cooper?

What is the basis of the like-kind property acquired by Dane?

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