10. A taxpayer purchased land in 2007 for $85,000 and sold it in 2014 for $75,000 cash. The buyer also assumed the mortgage of $5,000. What is the amount of gain/loss on the sale of the land? (Points : 1)

$5,000 loss.

$5,000 gain.

$15,000 gain.

$20,000 loss.