Monica purchased her home for $180,000. The mortgage holder foreclosed on the recourse loan when she stopped making payments. At the time of foreclosure, the outstanding debt was $170,000 and Monica's adjusted basis was $185,000. Fair market value of the property was $175,000. What is the sales price Monica will report on the foreclosure? Question 20 of 40. $170,000 $175,000 O $180,000 O $185,000 Mark for follow up