Character Of The Gain Result Of The Transaction 538716

How much gain did Sandra recognize as a result of the transaction, and what was the character of the gain?

a. Sandra recognized $12,000 of gain, all of which was ordinary income.

b. Sandra recognized $20,000 of gain, at least $12,000 of which was ordinary income.

c. Sandra recognized $30,000 of gain, at least $12,000 of which was ordinary income.

d.Sandra recognized $100,000 of gain, all of which was ordinary income.