Michael received a home as a gift from his uncle on March $15,2023.$ His uncle paid $$261,950$ and its fair market value on March

$15$ is $$362,000.$ Michael's uncle paid gift tax of $$10,300.$ What is Michael's gain basis and loss basis for the home? $($Round answers

to $0$ decimal places, e$.$g$.5,125.)$

Gain basis $,$$

Loss basis $