_opez Sales Company had the following balances in its accounts on January 1, Year 2: -opez experienced the following events during Year 2: 1. Sold merchandise inventory that cost $22,000 for $40,500. 2. Sold land that cost $30,000 for $46,000. Required: a. Determine the amount of gross margin recognized by Lopez. b. Determine the amount of the gain on the sale of land recognized by Lopez