Finance

Deres riginally sold her home for 592,000. At that time, her adjusted basis in the home was $95.000 Five she repossessed the home when the balance of the note was $87,000. She resold it within one year for canal sale expenses were $1,150, and resale expenses were $1,350. Repossession costs were $2.000. Shein 51.100 for improvements prior to the resale. What is Dorothea's recomputed gain? $600 $1.100 $2.350 $3.500 O O Mark for follow up Reva originally sold her principal residence in an installment sale for $150.000. Her adjusted basis in the home was $110.000 at that time. Three years later, she repossessed the home from the buyer when the balance of the note was $135.000. She resold it within one year for $160,000. Original sale expenses were $3.750, and resale expenses were $4.000. Repossession costs were $3.300. She incurred $3.200 for improvements prior to the resale. What is Reva's basis in the repossessed property? $113 200 $113.800 $117.750 $124.750 Mark for follow up