North Enterprises Sells Land for $15,000 Cash and Machinery Worth

Multiple Choice

North Enterprises sells land for $15,000 cash and machinery worth $20,000. fte other party's adjusted basis in the machinery is $8,000. fte land was subject to a $25,000 mortgage, which the other party assumes. North incurs $2,000 of selling expenses on the sale. What is North's amount realized from the sale?

A) $58,000.
B) $60,000.
C) $23,000.
D) $33,000.
E) $35,000.