Market research indicates general real estate values are increasing at 9% a year.

	Sale 1	Sold 9 months ago for $183,000. This sale was 5% above market due to favorable financing.
	Sale 2	Sold 4 months ago for $191,000 with buyer purchasing for cash and paying property taxes in arrears of $6,000.
	Sale 3	Sold 8 months ago for $206,000 including below market financing worth $17,000 and interior furnishings valued at $23,000.

What was the adjusted price of Sale 1?

Question 3 options:

1)

$199,180

2)

$162,115

3)

$185,585

4)

$205,120

5)	None of the above.