Question: Vincent and Pamela signed a standard contract of purchase and sale for the sale of Vincent's property. Vincent agreed to give title free of encumbrances. Pamela is putting on a new mortgage. Costs are as follows: Legal fees for conveyance: $400.00 Legal fees to discharge an existing mortgage on title: $100.00 Which one of the following statements is correct with respect to the statement of adjustments? Group of answer choices For her share of the above fees, Pamela will have a debit of $500. Vincent should be credited $100. Pamela should be debited $400 and Vincent should be debited $100. Pamela should be debited $400 and credited $100.