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2. Janice bought her house in 2009 for $39s,000. Since then, she has deducted $70,000 in depreciation associated with her home office and has spent

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2. Janice bought her house in 2009 for $39s,000. Since then, she has deducted $70,000 in depreciation associated with her home office and has spent $45,000 replacing all the old pipes and plumbing. She sells the house on July 1,2018. Her realtor charged $34,700 in commissions. Prior to listing the house with the realtor, she spent $300 advertising in the local newspaper. Don buys the house for $500,000 in cash and assumes her mortgage of $194,000. What is Janice's adjusted basis at the date of the sale and the amount realized? a. $370,000 adjusted basis; $661,400 amount realized. b. $370,000 adjusted basis; $659,000 amount realized. c. $370,000 adjusted basis; $665,200 amount realized. d. $325,000 adjusted basis; $663,200 amount realized. e. $325,000 adjusted basis; S694,000 amount realized

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