Exercise 13-42 (Algorithmic) (LO. 8) On August 31, 2022, Nolan and Lei, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for 10 years. The realized gain of $302,200 was excluded under $121. They purchased another personal residence in Charleston for $483,520 on September 1,2022. In 2023, Nolan's employer transfers him to Houston, Texas. The couple sells the Charleston home on February 28, 2023, and purchases a new home in Houston. The realized gain on the second sale is $271,980. Do not round any division. What is Nolan and Lei's recognized gain on the second sale