Logan and Johnathan exchange land, and the exchange qualifies as like kind under 1031. Because Logans land (adjusted basis of $100,500) is worth $120,600 and Johnathan's land has a fair market value of $95,475, Johnathan also gives Logan cash of $25,125.

Logans recognized gain is $_______

Assume that Johnathan's land is worth $108,540 and he gives Logan $12,060 cash. Logans recognized gain is $_______