QUESTION 12 Sol purchased land as an investment on January 12, 2016, for $85,000. On January 31, 2019, Sol sold the land for $25,000 cash. In addition, the purchaser assumed the mortgage of $70,000 on the land. What is the amount realized (not gain realized) on the sale of the land? O a $95,000 Ob. $70,000 O c. $25,000 Od $10,000 O e None of these