Teco Inc and MW Company Exchanged Like-Kind Assets

Teco Inc. and MW Company exchanged like-kind assets. Teco's asset had an $80,000 FMV and $53,900 adjusted tax basis, and MW's asset had an $87,500 FMV and a $28,100 adjusted tax basis. Teco paid $7,500 cash to MW as part of the exchange. Which of the following statements is false?

A) Teco's realized gain is $26,100 and recognized gain is -0-.
B) MW's realized gain is $59,400 and recognized gain is $7,500.
C) Teco's basis in its newly acquired asset is $61,400.
D) MW's basis in its newly acquired asset is $35,600.