On August 31, 2019, Harvey and Ling, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for 10 years. The realized gain of $292,000 was excluded under 121. They purchased another personal residence in Charleston for $480,000 on September 1, 2019. However, in 2020, Harveys employer transfers him to Houston, Texas. The couple sells the Charleston home on February 28, 2020, and purchases a new home in Houston. The realized gain on the second sale is $180,000. What is Harvey and Lings recognized gain on the second sale?