Diego transfers real estate with an adjusted basis of $338,200 and fair market value of $473,480 to a newly formed corporation in exchange for 100% of the stock. The corporation assumes the liability on the transferred real estate in the amount of $402,458.

Determine Diego's recognized gain on the transfer and the basis for his stock.

If amount is zero, enter "0".

Diego has a recognized gain on the transfer of $___________ and a basis of $__________ for his stock.