Marc, age 45, sells his personal residence on May 15, 2023, for \($180,000.\) He pays \($8,000\) in selling expenses and \($900\) in repair expenses to help sell the residence. He has lived in the residence since 1995, when he purchased it for \($55,000\).

In 2004, he paid \($6,000\) to install central air conditioning. If Marc purchases a new principal residence in December of the current year for \($162,000,\) what is the realized gain, recognized gain, and the basis for the new residence?