Sarah exchanges a building and land (used in its business) for Tyler's land and building and some equipment (used in its business). The assets have the following characteristics:

	Adjusted Basis			Fair Market Value
Sarah’s real property	$120,000			$300,000
Tyler’s real property	60,000			220,000
Equipment	50,000			80,000

Her adjusted basis in the land and building she acquired from Tyler is $120000, and her adjusted basis in the equipment is $80000

Required:

What is Sarah's recognized gain?