QUESTION 24 Mary purchased on office property in March 2019. She paid $15,550,000 and incurred closing costs of $50,000. She made a $1,000,000 down payment and financed the rest of the purchase with a non-recourse loan. The municipality accessed the land and building at $3,000,000 and $12,000,000, respectively. Assume the property was sold on Nov. 30th, 2022 for $12,500,000? What is the gain/loss on sale? QUESTION 25 Mary purchased on office property in March 2019. She paid $15,550,000 and incurred closing costs of $50,000. She made a $1,000,000 down payment and financed the rest of the purchase with a non-recourse loan. The municipality accessed the land and building at $3,000,000 and $12,000,000, respectively. Assume the property was sold on Nov. 30th, 2022 for $17,500,000? What is the gain on sale