The court issues a deficiency judgement of the proceeds from the Mark for follow up Question 40 of 75. Kong originally sold his home for $96,000. At that time, his adjusted basis in the home was $99.000. Five years later, he repossessed the home when the balance of the note was $91,000. He resold it within one year for $105.000. Original sale expenses were $1,250, and resale expenses were $1,550. Repossession costs were $3.000. He incurred 51.000 for improvements prior to the resale. What is Kong's recomputed gain? $4,200 O $6,800 O $11,000 $14,000 96000 99000 1250 1550 looo. +3,000 9 Mark for follow up Question 41 of 75. Generally, the recomputed adjusted basis of a repossessed residence is determined by the adjusted basis at the time of the Original sale plus or minus any adjustments made prior to the repossession Original sale plus or minus any adjustments made after the repossession. Resale plus or minus any adjustments made prior to the repossession