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roblem 15-45 (L0, 4) Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2021, at a price of

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roblem 15-45 (L0, 4) Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2021, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2021, he and the purchaer signed a contract to sell for $363,000. The sale (i.e., closing) took place on September 7, 2021. The closing statement showed the following disbursements: Wesley's adjusted basis for the house is $200,000. He owned and occupled the house for seven years, On October 1, 2021, Wesley purchases another residence for $325,000. If an amount is zero, enter " 0". a. Calculate Wesley's recognized gain on the sale. b. What is Wesley's adjusted basis for the new residence? c. Assume instead that the selling price is $800,000. What is Wesiey's recognized gain? His adjusted basis for the new residence? Wetley's recognized gain is s and his adjusted basis for the new residence is $

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