Benny sells an apartment building. His adjusted basis for regular Income tax purposes is $451,000, and it is $476,250 for AMT purposes. He receives $702,500 from the sale. Required: a. Calculate Benny's gain for regular Income tax purposes. b. Calculate Benny's gain for AMT purposes. c. Calculate any applicable AMT adjustment. Answer is complete but not entirely correct. 9. Amount $ 251,500 $ 226,250 S 196,700 X Negative Gain from sale of building for regular income tax purposes Gain from sale of building for AMT purposes AMT adjustment b