Ruth sold land she purchased three monthe earlier for use in her business. Her cost (and adjusted basis) in the land is 575.000. She incurred selling expenses of $5,000. The buyer paid property. What is the amount of her gain, and where on Form 4797 will she report the sale? $80,000 cash and assumed Ruth's $25,000 mortgage on t O $25,000 on Part 1 $25,000 on Part $30,00 on Part $30,000 on Part IV