Exercise $13-33($Algorithmic$)($LO$.4)$

Peyton sells an office building and the associated land on May $1$ of the current year. Under the terms of the sales contract, Peyton is to receive

$$2,751,600$ in cash. The purchaser is to assume Peyton's mortgage of $$1,650,960$ on the property. To enable the purchaser to obtain

adequate financing, Peyton is to pay the $$33,019$ in points charged by the lender. The broker's commission on the sale is $$110,064.$ What is

Peyton's amount realized?

The amount realized by Peyton is $