On January 10, 2019, a fire destroyed a warehouse owned by NP Company. NP's adjusted basis in the warehouse was $585,000 on March 12. 2019, NP received a $760,000 reimbursement from its insurance company in each of the following cases Required: a. Determine NP's recognized gain on this property disposition. Assume that NP would elect to defer gain recognition when possible NP's board of directors decided not to replace the warehouse b. Determine NP's recognized gain on this property disposition Assume that NP would elect to defer gain recognition when possible On January 2, 2021. NP paid $770,000 to acquire a warehouse to store its inventory c. Determine NP's recognized gain on this property disposition. Assume that NP would elect to defer gain recognition when possible On February 8, 2022. NP paid $770.000 to acquire a warehouse to store its inventory