On February $1,2022,$ Mariah buys a new residence for $$155,000.$ Three months later, she sells her old residence for $$317,000($adjusted basis of $$123,000).$ Selling expenses totaled $$21,500.$ She lived in the old house for $15$ years.

Required:

a$.$ What are Mariah's realized and recognized gain or loss?

Note: If there is no gain or loss is recognized, select $"$No gain or loss".

b$.$ What is her basis in the new residence?

$\backslash$table$[[,$Amount$],[$a$.,$No gain or loss,$],[$a$.,$Realized gain,$],[$b$.,$Basis of new residence,$]]$