Viktor exchanges stock $($adjusted basis $$20,500,$ FMV $$29,500)$ and real estate $($adjusted basis $$20,500,$ FMV $$49,000)$ held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a suggested FMV of $$75,000.$

Required:

What are Viktor's realized and recognized gain or loss?

$.$ What is the basis of the acquired real estate?.