Logan and Johnathan exchange land and the exchange qualifies as like kind under 1031. Because Logan's land (adjusted basis of $195,000) is worth $234,600 and Johnathans land has fair market value of $185,725 Johnathan also gives Logan cash of $48,875. Logan's recognized gain is? Assume that Johnathans land is worth $211,140 and he gives Logan $23,460 cash Logan's recognized gain is?