(a) Your answer is incorrect. On January 1, 2020, Flounder Corporation sold a building that cost $274,760 and that had accumulated depreciation of $101,930 on the date of sale. Flounder received as consideration a $264,760 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2020, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) The amount of gain should be reported $ eTextbook and Media Save for Later 274760 Attempts: 1 of 3 used Submit