19)

Aiva and her husband Janis bought a house worth $350,000. They invested $120,000 in home improvements and sold the house for $1,200,000 15 years later. Their closing costs from sale were $15785. What is Aiva and Janis's taxable capital gain income from this transaction? (Hint: the capital gain tax exemption for married couples is $500,000) State your answer as a number rounded to two decimal points (e.g. if you get $67,845.777 write 67845.78)