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 $200,000. On its year 2020 financial statements, should Pearson report a gain or loss relating to this transaction and what is the amount? O a. a loss of $2,027 O b. a gain of $2,478. OC. a loss of $3,856. O d. a gain of $4,043