Abby sold a parcel of land for $18,000. She paid a real estate agent a...

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Accounting

Abby sold a parcel of land for $18,000. She paid a real estate agent a commission of $1,200 for assisting with the sale. Abby had purchased the land several years earlier for $14,500. What is the gain on the sale of the land?
Multiple choice question.
Gain of $18,000
Gain of $16,800
Gain of $2,300
Gain of $3,500

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