Mandy exchanges a machine used in her trade or business for another machine. In addi-tion, she gives 200 shares of Garnet Corporation stock which have a fair market value of $38,000 and a basis of $19,000. The old machine has an adjusted basis of $36,000 and the new machine has a fair market value of $100,000. What is the recognized gain or loss and the basis of the new machine?