000,012 ei asezol svizas oled smoot org batzujba boflibomassils Wes 7. Larry Gaines, a single taxpayer, age 42, sells his personal residence on November 12, 2021, for $168,000. He lived in the house for 7 years. The expenses of the sale are $10,080, and he has made capital improvements of $8,800. Larry's cost basis in his residence is $87,500. On November 30, 2020, Larry purchases and occupies a new residence at a cost of $155,000. Calculate Larry's realized gain, recognized gain, and the adjusted basis of his new residence. a. Realized gain b. Recognized gain c. Adjusted basis of new residence $- SA SA SA 11 al mooidance of the last