10-13 please

10. Pedro borrowed S36,000 to purchase a machine. He later borrowed $10,000 using the machine collateral Both notes are secourse Eight years later, the machine has an adjusted ha ofrete and two outstanding note balances of $27,000 and $3.500. Pedro sells the machine subject to the two liabilities for $5,000. What is his relied gain or loss? 50 55,000 585,500 35100 None of the 11. Chuck purchases and for $250,000. He incurs legal foes of 2,000 socisted with the purchase. Hequently incons additional legal fees 516,000 in leaving the land erned from agricultural to residential. He subdivides the land and install streets and sewen at a cost of $600,000 What is Chack's hans for the land and the improvement d S000 SRL SER Nanother 12. Alicia buys a beach house for 5125,000 which shes her personal vacation home (nother personal rendence). She additional room on the house for $45,000. She sells the property for $450,000 and pays $22,000 in commissies and 54,000 in legal fees in connection with the sale. What is the recognized gain or loss on the sale of the home RE $54.000 580.000 $99.000 None of the shore