Duke Corporation owns an office building with a $$400,000$ adjusted basis. The building is destroyed by a tornado. The insurance company paid $$750,000$ as compensation for the loss. Eight months after the loss, Duke uses the insurance proceeds and other funds to acquire a new office building for $$682,000$ and machinery for one of the company$$s plants at a $$90,000$ cost$.$ Assuming that Duke elects to defer as much of the gain as possible, what is the recognized gain on the involuntary conversion?