Jessica's office building is destroyed by fire on November 15,2021 . The adjusted basis of the building is $320,000. She receives insurance proceeds of $435,000 on December 12,2021. Required: 0. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 202 for $435,000. b. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 202 : for $365,000. c. What is her basis for the replacement property in parts (a) and (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. a. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2021 for $435,000. b. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2021 for $365,000. Note: For all requirements, if no gain or loss is recognized, select "No gain or loss". Jessica's office building is destroyed by fire on November 15,2021 . The adjusted basis of the building is $320,000. She receives insurance proceeds of $435,000 on December 12,2021. Required: a. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2021 for $435,000. b. Calculate her realized and recognized gain or loss for the replacement property if she acquires an office building in December 2021 for $365,000. c. What is her basis for the replacement property in parts (a) and (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. c. What is her basis for the replacement property in parts (a) and (b)? d. Calculate Jessica's realized and recognized gain or loss if she does not invest in replacement property. Note: If there is no gain or loss is recognized, select "No gain or loss