OMark for follow up Question 8 of 15. Choose the response that correctly states the amount of a seller's gain or loss on repossessed real property with a fair market value of $54,000 on the date of repossession. The unpaid balance of the installment obligation at the time of repossession is $56,000, the gross profit percentage is 25%, and the costs of repossession were $800. O Loss of $13,200 O Loss of $11,200 O Gain of $11,200 O Gain of $13,200 Mark for follow up > 132 los