Five years ago you purchased a small apartment complex for $1 million. You borrowed $700,000 at 7 percent for 25 years with monthly payments. The original depreciable basis was $750,000 and you have used 271/2-year straight-line depreciation over the fiveyear holding period. Assume there was no personal property associated with the acquisition and no capital expenditures have been made since acquisition. The property could be sold today for $1,270,000 in a fully taxable sale. Assume 6 percent selling costs, 33 percent ordinary tax rate, a 15 percent capital gain tax rate, and a 25 percent recapture rate. Ignore the midmonth convention. Required: What will be the taxes due on sale? (Enter your answers in dollars, rather than in millions of dollars. Round your final answer to nearest whole dollar amount.)