Brianna acquired raw land as an investment 16 years ago. The land cost $60,000. In the current year, the land is sold for a total sales price of $120,000, consisting of $10,000 cash and the buyer's note for $110,000. If Brianna elects to recognize the entire gain in the year of sale, what is her recognized gain in the current year? Group of answer choices $100,000 $60,000 $110,000 $50,000