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Brianna acquired raw land as an investment 16 years ago. The land cost $60,000. In the current year, the land is sold for a total sales price of $120,000, consisting of $10,000 cash and the buyer's note for $110,000. If Brianna elects to recognize the entire gain in the year of sale, what is her recognized gain in the current year?

a. $100,000

b. $50,000

c. $110,000

d. $60,000