Prater Incorporated enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. A summary of the exchange is as follows: Transferred Warehouse Land Mortgage on warehouse Cash Assets Received FMV Land $ 610,000 FMV $ 525,000 97,000 Original Basis $ 241,000 97,000 >Accumulated Depreciation $ 76,000 31,500 19,500 19,500 What are Prater's realized and recognized gain on the exchange and its basis in the assets it received in the exchange? Description Realized gain Recognized gain Adjusted basis in new property Amount I