Jack sold his holiday home for $$330,000.$ He had on bought a house on $7$ May $2002$ and had incurred the following expenses.

Complete ALL the Blanks below. Just state the number for the Element, eg $2.$ Also, state Yes OR No to indicate whether it should be included in the cost base.

STATE THE ELEMENT NUMBER

IS THIS ELEMENT INCLUDED IN THE COST BASE? STATE: Yes OR No

Purchase price

$150000$

Stamp duty

$2250$

Rates and Taxes

$3000$

Ongoing repairs

$4100$

Interest on loan used to acquire property

$68000$

Commission on sale

$9200$

If Jack had sold his holiday house for $$150,000,$ what will be his reduced cost base?

Answer $-$

Complete the blank with just the number and with no comma or dollar sign.