Abby Sells Real Property for $300,000

Multiple Choice

Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Abby. In addition, Abby pays $15,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Abby realize (the amount realized) from the sale of her property?

A) $277,000
B) $282,000
C) $287,000
D) $300,000
E) None of the above