Mark for follow up Question 57 of 75. Kendrick sold land he purchased four months earlier for use in his business. His cost (and adjusted b $85,000. He incurred $15,000 in expenses related to the sale. The buyer paid $95,000 cash and assume loan on the property. What is the amount of Kendrick's gain, and where on Form 4797 will he report th $25,000, Rarth. $25,000, Bath H $40,000, Part III. $40,000, Part IV. Mark for follow up