Sol Purchased Land as an Investment on January 12, 2015

Sol purchased land as an investment on January 12, 2015, for $85,000.On January 31, 2018, Sol sold the land for $25,000 cash.In addition, the purchaser assumed the mortgage of $70,000 on the land.What is the amount realized (not gain realized) on the sale of the land?

A) $10,000
B) $25,000
C) $70,000
D) $95,000
E) None of the above