Larry Gaines, a single taxpayer, age 42, sells his personal residence on November 12, 2021, for $249,200. He lived in the house for 7 years. The expenses of the sale are $17,444, and he has made capital improvements of $7,476. Larry's cost basis in his residence is $144,536. On November 30, 2021, Larry purchases and occupies a new residence at a cost of $311,500.

Calculate Larry's realized gain, recognized gain, and the adjusted basis of his new residence.