Upon the sale of property for $ 3,000,000, when the basis of the relinquished property was $2,200,000, replacement property was acquired for $ 4,000,000.

1. The realized gain was.
2. The basis of the replacement property was

8. Upon the sale of property for $3,000,000, when the basis of the relinquished property was $2,200,000, replacement property was acquired for $4,000,000. a. The realized gain was. b. The basis of the replacement property was