Consider the following information for Mr. and Mrs. Gomez:
• On May 26, 2021, they sold their principal residence, acquired in 2002, for $200,000.
They paid $8,000 of selling expenses. Their basis in the residence was $70,000.
• On July 25, 2021, they purchased a new principal residence for $250,000.
• On June 2, 2022, Mr. Gomez, a bank officer, is transferred to another bank in the northern part of the state and they vacate their house.
• On July 1, 2022, they purchase a new principal residence for $420,000.
• On October 6, 2022, they sell the residence that was purchased on July 25, 2021, for $520,000. They pay $30,000 of selling expenses. Determine:

a. Realized gain on the sale of the residence in 2021.
b. Recognized gain on the sale of the residence in 2021.
c. Realized gain on the sale of the residence in 2022.
d. Recognized gain on the sale of the residence in 2022.