The owner of M&N Milling machine exchanged a milling machine used in his business for a new one. M&N Milling Basis in the machine was $20,000 and the owner still owes $6,000 related to the purchase of the machine. The other party to the exchange, M Grinding, assumed the liability along along with the machine and transfered a new owner and smaller machine worth $30,000 to M&N Milling.

Calculate M&N Milling's:

Realized gain on the machine.

Recognized gain on the exchange.

Calculate the adjusted basis of the newer machine.