In a 1031 like-kind exchange, Rafael exchanges equipment that originally cost $368,400. On the date of the exchange, the equipment given up has an adjusted basis of $147,360 and a fair market value of $202,620. Rafael pays $30,393 and receives equipment with a fair market value of $233,013.

Compute the following. If an amount is zero, enter "0". a. Rafael's realized gain on the exchange is $---?---. b. Rafael's recognized 1031 gain is $---?---. c. Rafael's 1245 depreciation recapture of $-----?---iscarried over to the replacement property.

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