On January 12, 2019, Mr. and Mrs. Nixon moved out of their old residence (where they had lived for 22 years) and into a new residence purchased nine days earlier on January 3. They finally sold their old residence on June 7, 2019, for a $278,000 realized gain. Assume the taxable year is 2021. Required: a. How much gain did they recognize on the sale of their old residence? b. On February 26, 2021, Mr. and Mrs, Nixon sold their new residence for a $48,000 realized gain and moved into a nearby house because it had a swimming pool. How much gain would they recognize? c. How much gain would they recognize if they sold the new residence because Mrs. Nixon accepted a job in a different state and the family had to relocate? Complete this question by entering your answers in the tabs below. Required A Required B Required C How much gain did they recognize on the sale of their old residence? (Leave no cells blank - be sure to enter "0" wherever i required.) Recognized gain