Jeanette sold land she purchased three months earlier for use in her business. Her cost (and adjusted basis) in the land is assumed Jeanette's $20,000 mortgage on the property. What is the amount of her gain, and where on Form 4 $20,000 on Part 1. O $20,000 on Part II. $21,000 on Part III $21,000 on Part Iv. Jeanette sold land she purchased three months earlier for use in her business. Her cost (and adjusted basis) in the land is assumed Jeanette's $20,000 mortgage on the property. What is the amount of her gain, and where on Form 4 $20,000 on Part 1. O $20,000 on Part II. $21,000 on Part III $21,000 on Part Iv