The following information applies to the next few questions: Martha purchased an office building at a cost of $4 million several years ago. This building had an adjusted basis of $1 million on August 1 of the current year. On August 1 of the current year, the California State Highway Authority condemned this office building because it needed to construct a highway where the building was situated. The government paid Martha $3 million for the building. (The land is located in a remote area where land values are immaterial and rarely change.) On September 1, Martha purchased ar other office building for $2.4 million. 8. What amount of gain, if any, must Martha recognize as a result of the above events? 9. Would any portion of this recognized gain be characterized as depreciation recapture income? State "yes" or "no," and if "yes," state the amount. 10. Would any portion of this gain be characterized as Section 1231 gain? State "yes" or "no," and if "yes," state the amount