Camilo's property, with an adjusted basis of $$241,000,$ is condemned by the state. Camilo receives property with a fair market value of $$277,150$ as compensation for the property taken.

If an amount is zero, enter $"0".$

a$.$ What is Camilo$$s realized and recognized gain?

Camilo's realized gain is $fill in the blank $1$

$36,150$

and his recognized gain is $fill in the blank $2$

$0$

$.$

b$.$ What is the basis of the replacement property?

The basis of the replacement property is $