In a Section 1031 exchange, Henry Higgins exchanged a piece of equipment with a basis of $100,000 and a fair market value of $125,000 for another piece of equipment with a fair market value of $160,000. Henry also gave up 100 shares of Bookbinder, Inc. stock worth $25,000 with an adjusted basis of $15,000. What is Henry's realized gain and his recognized gain?