Ashley sells real property for $280,000. The buyer pays $4,000 in property taxes that had accrued during the year while the property was still…

9. Ashley sells real property for $280,000. The buyer pays $4,000 in property taxes that had accrued during the year while the property was still legally owned by Ashley. In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Ashley realize (the amount realized) from the sale of her property? a. $259,000. b. $263,000. c. $267,000. d. $280,000. e. None of the above.