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Exercise 10-16 (Algorithmic) (LO. 3) Tabitha sells real estate on March 2 of the current year for $318,400. The buyer, Ramona, pays the real estate

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Exercise 10-16 (Algorithmic) (LO. 3) Tabitha sells real estate on March 2 of the current year for $318,400. The buyer, Ramona, pays the real estate taxes of $15,920 for the calendar year, which is the real estate property tax year. Round any division to four decimal places and use in subsequent calculations. Round your final answers to the nearest dollar. Assume a 365-day year. x of the real estate taxes is apportioned to and is deductible by the seller, Tabitha, and X of the taxes is deductible by Ramona. Ramona's basis is in the property is $ x and the amount realized by Tabitha from the sale is X

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