Rosilyn Trades Her Old Business-Use Luxury Car with an Adjusted

Multiple Choice

Rosilyn trades her old business-use luxury car with an adjusted basis of $13,000 and an outstanding loan liability balance of $2,000 for a new business-use economy car valued at $9,000 plus $3,000 cash from Bob's Auto Sales and Loan Company. Bob assumes Rosilyn's loan balance. What is Rosilyn's amount realized on the transaction?

A) $3,000
B) $9,000
C) $12,000
D) $13,000
E) $14,000