Exercise 7-7 (Algorithmic) (LO. 2, 6) Camilo's property, with an adjusted basis of $161,800, is condemned by the state. Camilo receives property with a fair market value of $186,070 as compensation for the property taken. If an amount is zero, enter "O". a. What is Camilo's realized and recognized gain? Camilo's realized gain is s and his recognized gain is $ b. What is the basis of the replacement property? The basis of the replacement property is $