Question: Exercise 16-23 (Algorithmic) (LO. 4) On December 30, 2017, Whitney sold a piece of property for $391,600. Her basis in the property was $176,220, and

Exercise 16-23 (Algorithmic) (LO. 4) On December 30, 2017, Whitney sold a piece of property for $391,600. Her basis in the property was $176,220, and she incurred $3,916 in selling expenses. The buyer paid $19,580 down with the balance payable in $37,202 installments over the next ten years. In addition, the buyer assumed a $58,740 mortgage on the property. Round any division to four decimal places, and use in subsequent computations

. Round your final answer to the nearest dollar. Under the installment sales method, the total contract price is $_____________ , the total gain on the sale is $____________ and the amount of gain reported in 2017 is $____________

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