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? . Rafael received $85,000 cash and a vehicle worth $17,200. Rafael also paid $7,000 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 received $119,000 cash and was relieved of a $39,750 mortgage on the asset he sold to Jamal Rafael also paid a commission of $10,000 on the transaction Amount realized