Century Ilc purchased a warehouse and land during the current year for 450,000 the purchase price was allocated as follows 275,000 to the building and 175,000 to the land. The property was placed in service in September 31. Calculate century's maximum depreciation for the first year Billy sold his warehouse to an interest buyer. Billy received 350,000 in cash and the buyer took over his mortgage on the warehouse for 98,650. Billy also paid a commission of 10,250 on the transaction. What is the Billy's amount realized in the transaction