Peyton sells an office building and the associated land on May 1,2023. Under the terms...

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Accounting

Peyton sells an office building and the associated land on May 1,2023. Under the terms of the sales contract, Peyton is to receive
$1,600,000 in cash. The purchaser is to assume Peyton's mortgage of $950,000 on the property. To enable the purchaser to obtain
adequate financing, Peyton is to pay the $9,000 in points charged by the lender. The broker's commission on the sale is $75,000. The
purchaser agrees to pay the $24,000 in property taxes for the entire calendar year.
What is Peyton's amount realized?
The amount realized by Peyton is $
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