Mark for follow up Question 11 of 35. Barbara sold land she purchased three months earlier for use in her business. Her cost and adjusted basis in the land pric incurred $10,000 In expenses related to the sale. The buyer paid $80,000 cash and assumed Barbara's $20,000 mortgage a What is the amount of Barbara's gain, and where on Form 4797 will she report the sale? $10,000; Part I. $10,000; Part II. $20,000; Part II. O $20,000; Part III. Wrong Mark for follow up Back Save/Return Later Summary Next