Teresa's manufacturing plant is destroyed by fire. The plant has an adjusted basis of $298,600, and Teresa receives insurance proceeds of $447,900 for the loss. Teres reirvests $470,295 in a replacement plant within 2 years of receiving the insurance proceeds. If an amount is zero, enter " 0 ". a. Calculate Teresa's recognized gain if she elects to utilize the involuntary conversion provision: Feososed rowaky wonk Occasionally, taxpayers are forced to dispose of property as a resuit of circumstances beyond their control. An involuntary conversion is defined as the destruction of the taxpayer's property in whole or in part, or loss of the property by theft, seizure, requisition, or condemnation. If certain conditions are met regarding the replacement property, the taxpayer may postpone the recognition of the gain. b. Caiculate Teresi's basis in the new plant