I:13-44 Exchange of Sec. 1245 Property. General Corporation owns equipment which cost $70,000 and has a $44,000 adjusted basis. General exchanges the equipment in June of 2022 for other equipment ($52,000 FMV) and marketable securities ($30,000 FMV). Determine the following:

a. Realized gain

b. Recognized gain

c. Gain treated as ordinary income

d. Gain treated as Sec. 1231 gain

e. Basis of marketable securities received

f. Basis of equipment received