What is pia realized gain on the sale, Accounting Basics

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What is pia realized gain on the sale

Question: Pia purchased her current home in 1997 for $150,000. After purchasing the home, she spent $25,000 on a new kitchen and $4,000 on painting the interior and exterior. In the current year, she sells the home for $225,000 and pays real estate commissions of $7,000 and $600 in legal fees. What is Pia's realized gain on the sale?

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Accounting Basics: What is pia realized gain on the sale

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