Assume that in all of the following situations the company's fiscal year is the calendar year and that recapture arose due to the disposition of the asset. In which situation would the company NOT be permitted to defer the recognition of the recapture? 1 A backhoe was destroyed in a fire in December, 2018. The insurance proceeds received were used to buy a new backhoe in June, 2020. 2 A warehouse was sold in December, 2018. A new warehouse was purchased in June, 2020. 3 A warehouse was destroyed in a fire in December, 2018. The insurance proceeds received were used to build a new warehouse that was finished in June, 2020. 4 A backhoe was stolen in December, 2018. The insurance proceeds received were used to buy a new backhoe in June, 2020