help please both parts!

KNE soid real property to Firm P for $15.000 cash and Firm Ps assumption of the 585.000 mortgage on the property. Required: n. What is KNB's amount realized on the sale? b. Compute KNB's after-tax cash fow from the sale if its acjusted basis in the real property is $40.000 and its marginal tax rate is percent. Complete this question by entering your answers ia the tabs below. What is Ktibs amount realized on the sale? KNE sold real property to Firm P for $15,000 cash and Fimm P's assumption of the $85,000 mortgage an the property. Required: a. What is KNGs amount realized on the sale? b. Compute KNB's after-ax cash flow from the sale if its adjusted bosis in the real property is $40,000 and its marginal tax rate is 35 percent. Complete this question by entering your answers in the tabs below. Compute iCRBis aftemax cash fiow from the sale if its adjuited beais in the real property is s40,000 and ita marginal tax rate is 35 percent. Fote: Regative aroounts should be indicated by a minus aign