Gus Lawrence sold his warehouse to a public utility for $24,000 under a threat of condemnation. He originally paid $25,000 for the property and spent an additional $1,000 for a new roof. He had claimed $3,600 depreciation. In conjunction with the condemnation award, Gus paid $200 in legal fees. Gus:

	Recognizes no gain on the property because of the condemnation.
	Recognizes no gain on the property if, within the replacement period, he pays $30,000 for a different warehouse.
	Recognizes no gain on the property if, within the replacement period, he pays $20,000 for a different warehouse.
	Realizes no gain on the property if, within the replacement period, he pays $30,000 for a different warehouse.