F Traded in a Business Automobile Worth $4,500 Subject to $2,000

Multiple Choice

F traded in a business automobile worth $4,500 subject to $2,000 of outstanding debt, for a new automobile worth $10,500.F signed a note for $8,000, and no cash changed hands.What is F's amount realized on this trade?

A) $2,000
B) $4,500
C) $10,500
D) Indeterminable from the facts given