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Cassandra sells property for a sales price of $150,000.
Cassandra sells property for a sales price of $150,000. In addition, Lana, the buyer, pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Cassandra. Cassandra paid $9,000 in commissions and $1,500 in legal fees connected with the sale of her property. What is the amount realized by Cassandra from the sale of her property?
a. $155,000.
b. $150,000.
c. $141,000.
d. $144,500.
e. $139,500
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