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Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is

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Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is to receive $2,984,800 in cash. The purchaser is to assume Peyton's mortgage of $1,790,880 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $35,818 in points charged by the lender. The broker's commission on the sale is $119,392. What is Peyton's amount realized? The amount realized by Peyton is $ 5,814,390 X

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