Last Year,Lucy Purchased a $100,000 Account Receivable for $90,000

Last year,Lucy purchased a $100,000 account receivable for $90,000.During the current year,Lucy collected $87,000 on the account.What are the tax consequences to Lucy associated with the collection of the account receivable? No subsequent collections are expected.

A) $0.
B) $2,000 gain.
C) $3,000 loss.
D) $13,000 loss.
E) None of the above.