Baker Corporation owned a building located in Kansas. Baker used the building for its business operations. Last yeac, a tornado hit the property and completely destroyed it. This year, Baker recelved an insurance settlement. Baker had originally purchased the building for $350,000 and had claimed a total of $100.000 of depreclation deductions against the property. What are Baker's realized and recognized gain or (loss) on this transaction and what is its basis in the new buliding in the following altemative scenarios? Note: Leave no answer blank, Enter zero if applicable. Problem 11-62 Part-a (Static) a. Baker recelved $450.000 in insurance proceeds and spent $450,000 rebuliding the bullding during the curtent yeat. b. Baker recelved $450,000 in insurance proceeds and spent $500,000 rebulilding the building during the current year c. Baker recelved $450.000 in insurance proceeds and spent $400.000 rebuliding the building during the current year. d. Baker tecelved $450,000 in insurance proceeds and spent $450,000 rebuilding the building during the next three years