In February of the current year, the office building of Kindley, Laux and Weeks, CPAs $($KLW$)$ was destroyed in a hurricane. The building originally cost $$750,000$ and had accumulated depreciation of $$300,000.$ KLW received an insurance settlement in the amount $$800,000.$ What is the realized gain, recognized gain, and basis of the new of the new building assuming the new office building KLW was acquired in October of the current year?

$\backslash$table$[[$New Building Cost,$$700,000,$$$800,000,$$$900,000$