When calculating the net amount for Farmer Wright's personal property after commissions and expenses, what was the net amount received?

The net amount received by Farmer Wright after accounting for commissions and expenses is determined by subtracting total expenses, including commissions, from the gross amount earned through the sale of his personal property.

In this scenario, if $56,211.96 is identified as the net amount, it indicates that this figure represents the final amount Farmer Wright retained after all necessary deductions. Such calculations typically involve taking the initial sale price and subtracting any fees associated with the auction process, such as the auctioneer's commission, marketing costs, or any other relevant expenses incurred during the transaction.

The other options represent potential net figures that could be calculated, but they do not reflect the accurate result after applying the total deductions to the gross income from the sale. This emphasizes the importance of detailed accounting when determining the proceeds from sales in auction settings, ensuring that all expenses are accounted for to arrive at the correct net figure.