On May 15, 2023, Eric Martin signed a contract to purchase a rental house for $195,000. Closing is to occur on June 8, 2023, with the day of closing to be counted as a day of ownership by the buyer. Eric can assume the seller's first mortgege, which will have a balance of $149,000 during June. The seller. Reuben Smith, has agreed to take a second mortgage of $30.000 as part of the payment at closing. Eric paid an escrow deposit of $10,000 when he sligned the purchase contract. Other pertinent facts include: a. The June interest on the first mortgage is $745, which will be paid at the end of the month. b. Reuben paid a hazard insurance policy for the calendar year 2023. The premium was $850, and Eric has agreed to purchase Reuben's interest in the policy. c. The monthly rental of $1,250 has been collected by Reuben for June: d. The total amount of property tax for 2023 is estimated to be $2,200. The tax will be paid by Eric at the end of the yeat e. The broker wil pay the following expenses for Reuben and will be reimbursed at the closing: f. The broker will also pay the following expenses for Eric and will be reimbursed at the closing: Required: Required: How the items be prorated between the seller and buyer? Note; Do not round intermediate calculations and round your final answers to 2 decimal places. In the allocation of expenses at closing for a residential transaction the buyer customarily pays for all EXCEPT Multiple Choice recording of the deed. recording of the moitgage. toxes on any new mortgage. eamest money deposit. owner's tite insurance