Bill Barnes and Fred Franklin ve owned commercial real estate properties together for a number of years, nages the properties and generally has a 30 percent ownership Interest, Fred, an orthopedic surgeon, normally has a 70 percent ownership Interest in each property based on the porta investment from each person. At present, Bill and Fred have an apartment building under contract for sale at $2,675,000. Bill will receive a preference payment of $40,000 for his management efforts, and selling expenses are anticipated to be percent of the sales price. The first mortgage balance is $1,020,000. What is the total amount Bill will receive when the property is sold? 1172173 10275 100.215