On October 29, 2021, Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. She purchased the residence on May 12, 2012, for $85,000. She spent $12,000 for capital improvements in 2012. To help sell the house, she pays $300 for minor repairs. The realtor’s commission amounts to $7,500. Her old residence is never rented out or used for business. Complete the worksheets in Publication 523 to determine the recognized gain for Miss Seely for 2021.