Question 21 (5 points) Problem 21-23, A property is sold for $5,100,000. The morgage balance at the fine of salt is $3600,000. The property was purchased 3 years ago for $4.820,000. Annual depreciation Allowances of $122.015, have been claimud ou the last five years of federal tax retims. The portion om duo to bolo prige/appreciation is taxed at 15%, while the ponion of the gain dad to the depreciation taken bived the holding period faxed at 25. What is the capital gain? $715,035 $B72.900 il $880.900 $890,075 $9001378 Question 22 (5 points This is hun extension of the problen #21 The poblen ngale states as follows: A property is sold for $5.100.000. The mortgago Halance Autho tune of sale is $3,600,000. The property was purchased 3 years ago for $4,820.000 Anne depreciation allowances of $12015 have been calmed on the last five years of federal tax returns. Thlo portland or gum due to the price appreciation is taxed at 15%, whilfe the portion of the gain due to the depreciation taken by the holding periodistaxed at 25%, What is the before tak cash flow from the sall $890,075 $910,378 $110$d.odd $1,350528 $1.500 000 Question 29 (5 polnits) This is an extension of the problem #21. the procent afek as follows: A property is sold for $100.000. The modgage aldecale salo is $4,600,000/ The property was purchased years ago for $4820.000 Adual depreciation allowing Szos have bee lained ou the last five yders of federal and refur. The portion og Auf Lo And Pried Appreciation is based 154/ While the portion of the gain due to the depreciatiin/taken over de la pened is foxed 289 What is the filer te dashow Do the sild? $890075 $910,379 !!!! $1.0solobo $11.305, $1,500 op