Problem 14-36 (Algorithmic) (LO. 1,2) Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for the residence is $717,600. He receives condemnation proceeds of $681,720 and invests the proceeds in stocks and bonds. If an amount is zero, enter "O". a. Calculate Yancy's realized and recognized gain or loss. Yancy's realized and Yancy's recognized is s Is b. If the condemnation proceeds are $749,892, what are Yancy's realized and recognized gain or loss? Yancy's realized , and Yancy's recognized is C. Assume the house is rental property. Yancy's adjusted basis is $717,600 and he receives condemnation proceeds of $681,720 and Invests the proceeds in stock. What are Yancy's realized and recognized gain or loss? Yancy's realized and Yancy's recognized eBook Problem 14-36 (Algorithmic) (LO. 1, 2) Yancy's personal residence is condemned as part of an urban renewal project. condemnation proceeds of $681,720 and invests the proceeds in stocks and bor If an amount is zero, enter "O". a. Calculate Yancy's realized and recognized gain or loss. Yancy's realized is $ and Yancy's recogni gain b. If the condemnatio Eds are $749,892, what are Yancy's realized and re loss Yancy's realized is $ and Yancy's recogniz C. Assume the house is rental property. Yancy's adjusted basis is $717,600 and h Invests the proceeds in stock. What are Yancy's realized and recognized gain or lo Yancy's realized is $ and Yancy's recognize Check My Work 2 more Check My Work uses remaining ban renewal project. His adjusted basis for the residence is $717,600. He eeds in stocks and bonds. 5. and Yancy's recognized is $ gain are Yancy's realized and recognized foss? loss and Yancy's recognized is $ sted basis is $717,600 and he receives condemnation proceeds of $681,720 and ed and recognized gain or loss? and Yancy's recognized is $