Larry Gaines, age 42, sells his personal residence on 11/12/18, for $260,400. He lived in a house for 7 years. The expenses of the sale are $18,228, and he has made capital improvements of $7,812. Larry's cost basis in his residence is $151,032. On 11/30/18, LARRY purchases and occupies a new residence at a cost of $325,500. Calculate Larry's realized gain, recognized gain, and the adjusted basis of his new residence