Harriet, a single woman, was transferred by her employer from Phoenix, Arizona to Atlanta, Georgia. She sold her Phoenix home (personal residence) with an adjusted basis of $250,000 for $525,000 and purchased a new residence in Atlanta for $200,000. Harriet had owned and lived in the Phoenix residence for 6 years and has never excluded any gain on the sale of a personal residence from a prior year tax return. What is Harriets recognized gain or loss on the sale of the Phoenix residence and her basis for the residence in Atlanta?