A fire in the factory of Franny’s Famous Frankfurters destroys several stuffing machines. The machines have an adjusted basis of $125,000 and a fair market value of $225,000. Franny’s insurance company reimburses Franny’s $100,000 for the destruction of the machines. Franny’s uses the insurance proceeds to buy secondhand stuffers costing $175,000. What are Franny’s realized and recognized gains or losses on the fire and the basis in the replacement stuffers?