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PLEASE HELP CoursHeroTranscribedText: Required information Problem 11-32 (LO 11-1) (Algo) [The following information...

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CoursHeroTranscribedText: Required information Problem 11-32 (LO 11-1) (Algo) [The following information applies to the questions displayed below.] Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios? Problem 11-32 Part-a (Algo) a. Rafael received $129,000 cash and a vehicle worth $13,300. Rafael also paid $8,000 in selling expenses. Amount realized b. Rafael received $117,500 cash and was relieved of a $31,500 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $8,000 on the transaction. Amount realized c. Rafael received $39,000 cash, a parcel of land worth $70,500, and marketable securities of $15,700. Rafael also paid a commission of $8,450 on the transaction. Amount realized

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