Wanting to finalize a sale before year-end, on december 29, wr outfitters sold to bob a warehouse and the land for $127,000. the appraised fair market value of the warehouse was $120,750, and the appraised value of the land was $144,750. (do not round intermediate calculations. round your final answers to the nearest whole dollar amount.) a. what is bobs basis in the warehouse and in the land?
A) Warehouse: $127,000; Land: $127,000
B) Warehouse: $120,750; Land: $144,750
C) Warehouse: $120,750; Land: $127,000
D) Warehouse: $127,000; Land: $144,750