Question 29 of 50 Dalip originally sold his home for $100,000. At that time, his adjusted basis in the home was $103,000. Six years later, he repossessed the home when the balance of the note was $95.000. He resold it within one year for $109,000 Original sale expenses were $2,510, and resale expenses were $1,050. Repossession costs were $2.250. He incurred $1,500 for improvements prior to the resale. What is Dalip's recomputed gain? C 53.690 $7.700 $9,500 $11,750