eBook 17-29 Algo 16-19 CAPITAL GAIN TAX.LA.. 17-22 Algo 16-18 Algo 17-24 Algo Exercise 16-12 (Algorithmic) (LO. 2) 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 $164,200 each. Dexter's basis in each lot sold is $114,940, and he incurs total selling expenses of $6,568 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 s as a capital gain. of which s is classified as ordinary income and R16-49 Algo R.17-31 Algo X16-12 Algo OLDEPRECIATION RECA.. PR 16-42 EX-17-30.Algo PR 17-55 PR.17-54 EX 16-14 Algo PR.17-38 Algo rogress: 21/30 items Check My Work 2 more Check My Work uses remaining Previous Next summmment for Grading