On May $2,1993,$ Hannah Weather $($Social Security number: $111-22-3333)$ acquired residential real estate for $$450,000.$ Of the cost, $$100,000$ was allocated to the land and $$350,000$ to the building. On August $20,2022,$ the building, which then had an adjusted basis of $$0,$ was sold for $$545,000$ and the land for $$200,000.$

Determine the amount and character of the recognized gain from the sale of the building.

Determine the amount and character of the recognized gain from the sale of the land.