Camilo's property, with an adjusted basis of $$390,400,$ is condemned by the state. Camilo receives property with a fair market value of $$448,960$ 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 $1$

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

$.$

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

The basis of the replacement property is $fill in the blank $3$

$.$