1. David sold his home to Bill on July 1, 2019. The agreement called for Bill to pay $10,000 in cash and assume the existing $80,000 mortgage on the home No provision was made for calendar year 2019 real estate taxes in the contract Although he only owed the property taxes for half of the year, Bill paid the entire 2019 tax bill of $1,000 when due in January of 2020. What is David's 1 amount realized? O a. $89,500 b. 590,000 oc. $90.500 d. $91,000 Objective C-2-1 continued 2. Ms. Maple sold a piece of land for $180,000 in cash, and the buyer also assumed an 2 existing $20,000 mortgage What is Ms. Maple's amount realized? a $20,000 o b. $160,000 . . $180,000 od. $200,000 Objective C-2-1 continued 3. Al sold 20 acres of land to Joe, who paid Al $50,000 in cash, assumed his $22,000 mortgage, and gave him a machine with a FMV of $15,000 and an adjusted basis of $10,000. What is Al's amount realized on this transaction? O a $72.000 .b. $75,000 oc. $82,000 125%