Albert Armstrong sells for $800,000 a business building, which he purchased 14 years ago for $570,000. During the 14 years of ownership, he painted the building at a cost of $7,500, installed an air conditioning system for $60,000, cleaned the carpeting for $3,000, repaired the fence for $5,000, installed permanent bookcases for $40,000, replaced the electrical wiring system at a cost of $150,000, and partitioned off some of the rooms at a cost of $50,000. Albert has taken straight-line depreciation on the building for a total of $420,000. What is his basis in the building at time of sale? What is his realized and recognized gain on the sale of the building