Exercise 16-24 (Algorithmic) (LO. 4) In 2019, Skylar sold an apartment building for $86,200 cash and a $862,000 note due in two years. Skylar's cost of the property was $689,600, and he had deducted depreciation of $413,760, $165,504 of which was in excess of what the straight-line amount would have been. If required, round any division to two decimal places and your final answers to the nearest dollar. a. Under the installment sales method, what is Skylar's total realized gain? $ 672,360 b. In 2019, how much 1250 gain does Skylar recognize? $ 165,504 How much 1231 gain does he recognize? $ 40,514 X