Ashley sells real property for $280,000. The buyer pays $4,000 in property taxes that had accrued during the year while the property was still legally owned by Ashley. In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Ashley realize (the amount realized) from the sale of her property?
a. $259,000.
b. $263,000.
c. $267,000.
d. $280,000.
e. None of the above.