Chance originally sold his home for $105,000. At that time, his adjusted basis in the home was $95,000. Four years later, he repossessed the home when the balance of the note was $101,000. He resold it within one year for $110,000. Original sale expenses were $2,150, and resale expenses were $2,350. Repossession costs were $2,400. He incurred $1,900 for improvements prior to the resale.

What is Chance's recomputed adjusted basis?

$106,900

$102,900

$96,900

$95,000