Perry Incorporated and Dally Company entered into an exchange of real property. Here is the information for the properties to be exchanged.

Perry Dally

FMV $ $500,000$ $ $530,000$

Adjusted tax basis $410,000283,000$

Mortgage $70,000100,000$

Pursuant to the exchange, Perry assumed the mortgage on the Dally property, and Dally assumed the mortgage on the Perry property. Compute Dally gain recognized on the exchange and its tax basis in the property received from Perry.