Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of § 1237 and during the tax year sells the first eight lots to eight different buyers for $146,600 each. Dexter's basis in each lot sold is $102,620, and he incurs total selling expenses of $5,864 on each sale. What is the amount of Dexter's capital gain and ordinary income? If required, round your answers to the nearest dollar. Dexter has a realized and recognized gain of $fill in the blank 1, of which $fill in the blank 2 is classified as ordinary income and$fill in the blank 3 as a capital gain.   Feedback Area     Feedback

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