On February 24, 2020, Allison's building, with an adjusted basis of $1,597,250 (and used in her trade or business), is destroyed by fire. On March 31, 2020, she receives an insurance reimbursement of $2,076,425 for the loss. Allison invests $1,868,783 in a new building and buys stock with the balance of insurance proceeds. Allison is a calendar year taxpayer.

b. Assuming that the replacement property qualifies as similar or related in service or use, what are Allison's realized gain, recognized gain, and basis in the replacement building? Allison's realized gain is $-------------- and recognized gain is $--------------. Her basis in the new building is $---------------.