Consider the following information for Mr. and Mrs. Di Palma:

• On June 10, 2022, they sold their principal residence for \($80,000\) and incur \($6,000\) of selling expenses. The basis of the residence, acquired in 2010, is \($50,000\).

• On June 25, 2022, they purchased a new principal residence for \($90,000\) and occupied it immediately.

• On May 10, 2023, they purchase their neighbor’s residence for \($115,000\) and occupy the residence immediately.

• On August 29, 2023, they sell the residence purchased on June 25, 2022, for \($148,000\).

They pay \($7,000\) of selling expenses. Determine:

a. realized gain on the sale of the residence in 2022.

b. recognized gain on the sale of the residence in 2022.

c. realized gain on the sale of the residence in 2023.

d. recognized gain on the sale of the residence in 2023.