Answer:
The correct answer is E
Explanation:
The amount which is received or collected by Vijay in the transaction is as follows:
Amount received = Cash received by selling land + Selling motorcycle + Tickets of Super Bowl + Mortgage on the land
where
Cash received by selling land is $5,000
Selling motorcycle is $2,000
Tickets of Super Bowl is $1,200
Mortgage on the land is $12,000
Putting the values above:
= $5,000 + $2,000 + $1,200 + $12,000
= $20,200
