Dietz owned a delivery van with a book value of $2,000. It traded this old van in on a new one, which cost $16,000. The dealer allowed Dietz a trade-in allowance of $3,500 on the old van, and Dietz paid the remainder in cash.

Compute the following:

A) The amount of cash Dietz pay to the new van

B) The gain on disposal of the old van to be reported in Dietz's financial statement

C) The gain on disposal of the old van to be reported in Dietz's income tax return