in 2020, pearson co. exchanged a piece of land for a non-interest-bearing note. the note is to be paid at the rate of $20,000 every six-months for 7 years. the first payment is due six months after the exchange date. the market rate for the note was 10%. at the time the land was originally purchased, it cost $200,00. on its year 2020 financial statements, should pearson report a gain or loss relating to this transaction and what is the amount?

a. a loss of $2027

b. a gain of $2448

c. a loss of $3856

d. a gain of $4043