Alan Kupper had the following transactions during 2016: Gain of $7,000 on sale of Sec. 1202 stock purchased on January 15, 2015, and sold on April 15, 2016; Gain of $5,000 on sale of common stock purchased on October 15, 2015 and sold on March 25, 2016; Receipt of a $10,000 installment payment on an installment contract created in 2008 when Kupper sold for $100,000 (exclusive of 6% interest on installments) land acquired in 1996 for $20,000. The contract provides for 10 equal annual principal payments of $10,000 beginning on July 1, 2008, and ending on July 1, 2017. What is the amount of Kuppers net capital gain and appropriate tax-rate basket(s) for 2016? Select one: a. $15,000 ($7,000 28% basket, $8,000 15% basket). b. $15,000 ($15,000 28% basket, $0 15% basket). c. $20,000 ($12,000 28% basket, $8,000 15% basket). d. $17,000 ($7,000 28% basket, $10,000 15% basket).