Camilo's property, with an adjusted basis of $251,800, is condemned by the state. Camilo receives property with a fair market value of $289,570 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 ______ and his recognized gain is _______

b. What is the basis of the replacement property? The basis of the replacement property is ________