(Answered) Question - this year ms evans sold investment land for

Accounting

Question - This year, Ms. Evans sold investment land for $90,000 cash plus the purchaser's assumption of a $60,000 mortgage on the land. Ms. Evans' tax basis in the land was $15,000. Compute the after-tax cash flow from the sale if any recognized gain is taxed at 18%.

$62,300

$65,700

$112,700

$162,700

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