Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of 5 1237 and during the tax year sells the first eight lots to eight different buyers for $95,400 each. Dexter's basis in each lot sold is $66,780, and he incurs total selling expenses of $3,816 on each sale. What is the amount of Dexter's capital gain and ordinary income? If required, round your answers to the nearest dollar. Dexter has a realized and recognized gain of $ of which $ is classified as ordinary income and as a capital gain