Please assist with part B.

Problem 8-21 (Algorithmic) Involuntary Conversions (LO 8.12) Teresa's manufacturing plant is destroyed by fire. The plant has an adjusted basis of $270,600, and Teresa receives insurance proceeds of $405,900 for the loss. Teresa reinvests $426,195 in a replacement plant within 2 years of receiving the insurance proceeds. If an amount is zero, enter "0". a. Calculate Teresa's recognized gain if she elects to utilize the involuntary conversion provision. 0 Feedback Check My Work Occasionally, taxpayers are forced to dispose of property as a result of circumstances beyond their control. An involuntary conversion is defined as the destruction of the taxpayer's property in whole or in part, or loss of the property by theft, seizure, requisition, or condemnation. If certain conditions are met regarding the replacement property, the taxpayer may postpone the recognition of the gain. Calculate Teresa's basis in the new plant. 426,195 X