Problem 5-34 (LO. 7) On November 4, 2019, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2019 and 2020, respectively, Blue took $642 and $5,128 of cost recovery. These amounts were incorrect; Blue applied the wrong percentages (ie., those for 39-year rather than 27.5-year property). Blue should have taken $910 and $7,272 of cost recovery in 2019 and 2020, respectively. On January 1, 2021, the asset was sold for $180,000. If required, round all computations to the nearest dollar. Click here to access the depreciation tables in the textbook. a. The adjusted basis of the asset at the end of 2020 is s b. The cost recovery deduction for 2021 is s c. The loss on the sale of the asset in 2021 is s