This year, Leron and Sheena sold their home for $848,000 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron and Sheena? (Leave no answer blank. Enter zero if applicable.)a. Leron and Sheena bought the home three years ago for $160,000 and lived in the home until it soldb. Leron and Sheena bought the home one year ago for $672,000 and lived in the home until it sold. c. Leron and Sheena bought the home five years ago for $416,000. They lived in the home for three years until they decided to buy a smaller home. Their home has been vacant for the past two years.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.