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Exercise 13-33(Algorithmic)(LO.4) Peyton sells an office building and the associated land on May...

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Accounting

Exercise 13-33(Algorithmic)(LO.4)
Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is to receive
$2,751,600 in cash. The purchaser is to assume Peyton's mortgage of $1,650,960 on the property. To enable the purchaser to obtain
adequate financing, Peyton is to pay the $33,019 in points charged by the lender. The broker's commission on the sale is $110,064. What is
Peyton's amount realized?
The amount realized by Peyton is $
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