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Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following altemative scenarios? Problem 11-32 Part-a (Algo)

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Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following altemative scenarios? Problem 11-32 Part-a (Algo) a. Rafael received $86,500 cash and a vehicle worth $11,000. Rafael also paid $7,650 in selling expenses. b. Rafael received $83,000 cash and was relieved of a $46,750 mortgage on the asset he sold to Jamal. Rafael aiso paid a commission of $7,600 on the transaction. c. Rafael received $39,750 cash, a parcel of land worth $98,500, and marketable securities of $10,300. Rafael also paid a commission of $8,350 on the transaction

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