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Mrs. Gomez, a widow, paid $175,000 for her home 20 years ago. She recently sold this home and moved in with her son on a

Mrs. Gomez, a widow, paid $175,000 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Compute Mrs. Gomezs recognized gain or loss on the sale assuming that her amount realized was:

a) $163,500:

b) $333,000 :

c) $515,000:

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