On February 1, 2020, a 39-year-old widow buys a new residence for $162,500 Three months later, she seils her old residence for $327,500 (adjusted basis of $127,500). Selling expenses totaled $22.250. She lived in the old house for 15 years. Required: a. What are the widow's realized and recognized gain or loss? (If there is no gain or loss is recognized, select "No gain/loss"> b. What is her basis in the new residence? Amount a b. Basis of new residence