Chet owns a factory building that he has used in his business for many years. On 1/28/20, the factory was totally destroyed in a fire. Chet received S 5,000,000 from his insurance company for this total loss. At the time of this loss, Chet had an adjusted basis in this factory of $4,000,000 ($ 6,000,000 original cost less $ 2,000,000 in accumulated straight-line tax depreciation). Chet replaced the factory at a cost of $4,900.000 in November of 2020. Part a (1.7 points) Calculate Chet's 2020 realized gain of loss from the above. 2020 realized gain or (loss)-$. Part b (1.7 points) How much gain or loss will Chet recognize for tax purposes in 2020? 2020 recognized gain or (loss)-$ Part c (1.7 points) How much additional federal tax will Chet incur in 2020 assuming his marginal ordinary income tax rate is 37% and his net capital gain rate is 20%? 2020 additional tax-s Part d (1.7 points) What is Chet's tax basis in the replacement factory building? Tax basis in new factory-5 Clearly label your answers (Part A, Part B, etc.). Show your work if you want any partial credit consideration