Tuyen is negotiating the sale of her lakefront property nearWabasha.Nils is offering Cash of $10,000

A parcel of land near Red Wing valued at $5,000 with an adjusted basis of $3,000

A ski boat valued at $9,000 with an adjusted basis of $15,000

Installation of new heating and air conditioning in Tuyen's Rochester residence (Nils's labor and equipment costs are valued at $4,500)

Payment of $2,000 in real estate taxes due on the property

Assumption of the $120,000 balance of the mortgage on the property

Payment of the $900 in attorney fees and $50 in filing fees to complete the transaction In addition, Tuyen is offering to transfer her pontoon boat and outboard motor to Nils.

The boat and motor have a fair market value of $8,500 and an adjusted basis of $10,000. Also, she would assume the $3,000 mortgage balance on the Red Wing real estate.

Tuyen's brother tells her she should not accept an offer of less than $150,000 for the Wabasha property. Write a letter to Tuyen explaining how much she would realize if she accepts Nils's offer as presented.