**For tax year 2018** The office building Donna owned and used for her desk-top publishing business was destroyed by a hurricane. Although the basis of the building was $80,000, Donna carried replacement cost insurance and received $160,000 from the insurance company after it was determined that the building was a complete loss. It cost her $152,000 to rebuild the store in the current year.

a. Calculate Donnas recognized gain, assuming an election under the involuntary conversion provision is made.	$__________
b. Calculate Donnas basis in the replacement building.	$__________