Reid had a business building destroyed in a fire. The old building was purchased for $375,350 and $59,300 of depreciation deductions had been taken. Although the old building had a fair market value of $424,965 at the time of the fire, his insurance proceeds were limited to $399,300. Reid found qualified replacement property which he acquired six months later for $389,650. What is the amount of Reid's realized gain and recognized gain?