Ken sold a rental property for $753,000. He received $101,000 in the current year and $163,000 each year for the next four years. $415,000 of the sales price was allocated to the building and the remaining $338,000 was allocated to the land. Ken purchased the property several years ago for $544,500. When he initially purchased the property, he allocated $402,500 of the purchase price to the building and $142,000 to the land. Ken has claimed $17,400 of depreciation deductions over the years against the building. Ken had no other sales of S1231 or capital assets in the current year. For the current year, determine the amount of Ken's total recognized gain or loss. For the current year, calculate Ken's total tax due because of the sale (assuming his marginal ordinary tax rate is 35 percent)