Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios?

Problem 11-32 Part-a

a. Rafael received $119,500 cash and a vehicle worth $18,700. Rafael also pays $9,150 in selling expenses.

Amount Realized_____?

b. Rafael received $87,500 cash and was relieved of a $31,000 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $8,400 on the transaction.

Amount Realized_____?

c. Rafael received $36,750 cash, a parcel of land worth $99,000, and marketable securities of $12,000. Rafael also paid a commission of $12,900 on the transaction.

Amount Realized_____?