24. Sale of a Principal Residence. (Obj. 1) Adam, who is single, sold his principal residence for $440,000. He paid $28,000 in selling expenses. Adam paid $107,000 for the house 17 years years Adam made improvements and repairs to the house totaling $42,000 and $26,000, respectively. Compute Adam's recognized gain on the sale of his home. ago. Over the (do) 22 noltsold ilgnirionemsidomsins 1 1