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( amount realized ) Scrap - Happy ( SH ) , a sole proprietorship, owns a warehouse which is subject to a $ 4 5

(amount realized) Scrap-Happy (SH), a sole proprietorship, owns a warehouse which is subject to a $45,000 mortgage. A manufacturing company offers to purchase the warehouse for $20,000 cash and a $25,000 note receivable, and it agrees to assume the $45,000 mortgage on the property. If SH accepts this offer, and pays $1,800 in selling expenses, what is SH's amount realized?
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