The Accrual Basis Taxpayer Sold Land for $100,000 on December

The accrual basis taxpayer sold land for $100,000 on December 31, 2019.He did not collect the $100,000 until January 2, 2020.The land was held as an investment.

A) If the accrual basis taxpayer's basis in the land was $110,000, the loss would be recognized in 2020.
B) If the accrual basis taxpayer's basis in the land was $60,000, the gain must be reported in 2019.
C) If the accrual basis taxpayer's basis in the land was $60,000, the gain must be reported in 2020, unless the taxpayer elects to not use the installment method.
D) The accrual basis taxpayer must recognize the gain or loss in the year of sale.
E) None of these.