Given the following information, calculate the Adjusted Basis. Purchase price is $1,156,000. Acquisition expenses were 2% of purchase price. Percent allocated to depreciable real property is 80%. Percent allocated to land is 20%. No percent allocated to personal property. Capital Expenditures is $9,000 annually. Capital Gains Tax of 25%. Depreciation is $21,000 annually. Depreciation Recapture Tax is 15%. Holding Period is 5 years.