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Exchange Problems: Jonathan Inc. and C&K Company entered into an exchange of real property. Here is the information for the properties to be exchanged. Jonathan C&K $ 675,000 862,000 FMV Original Basis In Property Accumulated Depreciation Mortgage $ 900,000 693,000 100,000 200,000 0 -0- Pursuant to the exchange, C&K paid $25,000 cash to Jonathan and assumed the mortgage on the Jonathan property. 1) Compute Jonathan's Gain Realized, Gain Recognized, and Basis in the property received from C&K. 2) Can you tell me whether this is a good outcome for C&K? In one sentence, explain yourself. Even if the outcome is OK, could C&K do something else to make it better? Exchange Problems: Jonathan Inc. and C&K Company entered into an exchange of real property. Here is the information for the properties to be exchanged. Jonathan C&K $ 675,000 862,000 FMV Original Basis In Property Accumulated Depreciation Mortgage $ 900,000 693,000 100,000 200,000 0 -0- Pursuant to the exchange, C&K paid $25,000 cash to Jonathan and assumed the mortgage on the Jonathan property. 1) Compute Jonathan's Gain Realized, Gain Recognized, and Basis in the property received from C&K. 2) Can you tell me whether this is a good outcome for C&K? In one sentence, explain yourself. Even if the outcome is OK, could C&K do something else to make it better

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