Hossein sold land on the installment basis for $120,000. His basis in the land was $85,000. Hossein received a $30,000 down payment and a real estate installment sale contract calling for $90,000 in additional payments in future years. In addition, Hossein paid $5,000 in commissions on the sale. What is the gross profit to be recognized in the current year?

A) $0

B) $7,500

C) $25,000

D) $30,000