Davis owned a duplex he held for rental. On May 7, 2020 the duplex was exchanged for another rental property with a fair market value of $125,000 and was subject to a mortgage of $52,000. Daviss property was subject to a mortgage of $60,000. The details related to the property are as follows:

	Land	Building	Furnishings
Original basis to Davis	32,000	35,000	9,000
Depreciation allowed	0	19,500	6,060

How much are Daivss gain realized, gain recognized, and basis in the property received.

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