Marva purchased the property on April $12,1980,$ for $$76,000.$ At the time of the gift, Marva paid a gift tax of $$17,000.$ In order to sell the property, David paid a sales commission of $$21,000.$

Read the requirements.

Requirement a$.$ What is David's realized gain on the sale?

Select the formula, then calculate David's realized gain on the sale. $($Do not round intermediary calculations. Only round the amounts you input in the cells to the nearest dollar.$)$

Minus:

Realized gain

Requirement b$.$ How would your answer to Part a change, if at all, if the FMV of the gift property was $$45,000$ as of the date of the gift?

The realized gain in this scenario is