Larry Gaines, age 42, sells his personal residence on November 12, 2016, for $170,800. He lived in the house for 7 years. The expenses of the sale are $11,956, and he has made capital improvements of $5,124. Larry's cost basis in his residence is $99,064. On November 30, 2016, Larry purchases and occupies a new residence at a cost of $213,500.

a. Realized gain	$
b. Recognized gain	$
c. Adjusted basis of new residence