Problem 7-37 (LO. 6) Edith's warehouse (adjusted basis of $450,000) is destroyed by a hurricane in October 2020. Edith, a calendar year taxpayer, receives Insurance proceeds of $525,000 in January 2021. Calculate Edith's realized gain or loss, recognized gain or loss, and basis for the replacement property under each of the following conditions If an amount is zero, enter "O". a. She acquires a new warehouse for $550,000 in January 2021. The realized is s The recognized is s Edith's basis for the replacement warehouse building is b. She acquires a new warehouse for $500,000 in January 2021. The realized is $ The recognized is & Edith's basis for the replacement office building is s Anche der PARA C. Assume she does not acquire replacement property. The realized is $ The recognized is $