Albert owns 100 acres of land on which he grows spruce trees. His adjusted basis for the land is $179,200. He receives condemnation proceeds of $17,920 when the city's new beltway takes 5 acres along the eastern boundary of his property. He also receives a severance award of $10,752 associated with the possible harmful effects of exhaust fumes on his trees. Albert invests the $28,672 in a growth mutual fund. a. Determine the tax consequences to Albert of the condemnation proceeds. Albert has a s realized of which $ is recognized b. Determine the tax consequences to Albert of the severance award. The severance award the basis of Albert's remaining property. His adjusted basis in the remaining property is