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Complete the following table involving certain involuntary conversions in which the taxpayer elects to defer...

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Accounting

Complete the following table involving certain involuntary conversions in which the taxpayer elects to defer gain. The property is converted into cash and the cash is invested in qualifying replacement property in each case. Each case is independent of the others.
\table[[Asset,Amount realized,Adjusted Basis,\table[[Amount],[reinvested]],\table[[Gain(loss)],[recognized]],\table[[Basis in],[Replacement]]],[A,8,500,7.500,9,000,Blank 1,Blank 2],[B,6,000,3,400,3,500,Blank 3,Blank 4],[C,5,500,3,500,5,000,Blank 5,Blank 6]]
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