Required Information [The following Information applies to the questions displayed below.) Rafael sold an asset to Jamal. What Is Rafael's amount realized on the sale in each of the following alternative scenarios? a. Rafael received $109,500 cash and a vehicle worth $19,500. Rafael also pays $7,550 In selling expenses. Amount realized Required Information [The following Information applies to the questions displayed below.) Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios? b. Rafael recelved $119,500 cash and was relieved of a $32,500 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $8,750 on the transaction. Amount realized Required Information [The following Information applies to the questions displayed below.) Rafael sold an asset to Jamal. What Is Rafael's amount realized on the sale in each of the following alternative scenarios? c. Rafael received $38,750 cash, a parcel of land worth $83,500, and marketable securities of $12,800. Rafael also paid a commission of $11,050 on the transaction. Amount realized