19. In a sale-leaseback transaction the carrying value on the date of sale was 200,000 the selling price was 310,000 and the fair value was 250,000. What is the gain and the financing liability on this transaction?

Gain on Sale Financing Liability

a. 50,000 60,000

b. 60,000 50,000

c. 110,000 0

d. 0 110,000