Jessica's office building is destroyed by fire on November 15, 2018. The adjusted basis of the building is $390,000. She recelves Insurance proceeds of $557,500 on December 12, 2018. a. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building In December 2018 for $557,500. b. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2018 for $452,500. c. What is her basis for the replacement property in (a) and in (b)? d. Calculate Jessica's realized and recognized gain or loss if she does not Invest In replacement property. Complete the question by entering your answers in the tabs below. Reg a and b Req cand d a. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2018 for $557,500. b. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2018 for $452,500. (For all requirements, if no gain or loss is recognized, select "No gain/loss".) Show less C Reg a and b Req cand d > Reg a and bReq cand d c. What is her basis for the replacement property in (a) and in (b)? d. Calculate Jessica's realized and recognized gain or loss if she does not invest in replacement property. (If there is no gain or loss recognized, select "No gain/loss".) c Basis of replacement property in (a) Basis of replacement property in (b)