Please answer

Vry Student Portal x Week 8: Homework X CengageNOWv2 | Online teachin X + m/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A to eBook Print Item Exercise 16-14 (Algorithmic) (LO. 3) Olivia wants to buy some vacant land for investment purposes. She cannot afford the full purchase price. Instead, Olivia pays the landowner $36,500 to obtain an option to buy the land for $730,000 anytime in the next four years. Fourteen months after purchasing the option, Olivia sells the option for $45,625. What is the amount and character of Olivia's gain or loss? She has of