Cabel's warehouse, which has an adjusted basis of $380,000 and a fair market value of $490,000, is condemned by an agency of the Federal government to make way for a highway interchange. The initial condemnation offer is $425,000. After substantial negotiations, the agency agrees to transfer to Cabel a surplus warehouse that he believes is worth $490,000. Cabel is a calendar tax payer. The condemnation and related asset transfer occur during September 2012. a). What are the recognized gain or loss and the basis of the replacement warehouse if Cabel's objective is to recognize as much gain as possible> b). Advise Cabel regarding what he needs to do and by what date to achieve this objective