Ms, Imo, who is single, purchased her first home in 1991 for $85,000 and sold it in May 2000 for $178,500. She purchased her second home in July 2000 for $385,000 and sold it this year for $700,000. Assume the taxable year is 2023 . Required: a. Compute Ms. Imo's taxable gain on the 2000 sale and on this year's sale. b. Compute the income tax and Medicare contribution tax on her gain this year if her preferential rate on long-term capital gain is 20 percent. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the income tax and Medicare contribution tax on her gain this year if her preferential rate on long-term capital gain is 20 percent. Note: Leave no cells biank - be sure to enter " 0 wherever required