On June 11 of Last Year,Derrick Sold Land with a Cost

Multiple Choice

On June 11 of last year,Derrick sold land with a cost of $15,000 for $45,000.Derrick collected $20,000 last year and is scheduled to receive $5,000 each year for five years starting this year plus an acceptable rate of interest.Derrick receives the $5,000 installment required this year.Derrick's recognized gain this year is

A) $0.
B) $1,667.
C) $3,333.
D) $5,000.