Question: Problem 25-36 (LO 25-2) This year Dan and Mike purchased realty for $256,750 and took title as equal tenants in common. However, Mike was able

Problem 25-36 (LO 25-2)

This year Dan and Mike purchased realty for $256,750 and took title as equal tenants in common. However, Mike was able to provide only $63,750 of the purchase price and Dan provided the remaining $193,000.

a-2. What is the amount of the gift?

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