In 2020, Redstone Corporation exchanged a warehouse used in its business located in San Diego, California for another warehouse to be used in its business located in Boise, Idaho. Redstone Corporation's adjusted basis in the San Diego warehouse is $4,100,000. The Boise warehouse has a fair market value $5,200,000. In addition, Gemstone Corporation receives marketable securities with a fair market value $275,000 1. Compute Redstone Corporation's realized and recognized gain or loss. Show computations. 2. Compute Redstone Corporation's basis in the assets received. Show computations