Hello, I need help solving this accounting problem.

S eCampus: Home Content Connect X f (1) Facebook X G Grammarly C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhep.. G ili Apps Facebook Bookmarks MovieTube | Watc. Virtual Job Scout The 3-Bet | How T... D #01 The Strongest. Genius Types - Bu. I Top 10 Business P. Other Bookmarks Wk 5 - Apply: Application Assignment [due Day 7] @ Saved Help Save & Exit Submit 18 Frank and Bob are equal members in Soxy Socks, LLC. When forming the LLC, Frank contributed $60,000 in cash and $60,000 worth of equipment. Frank's adjusted basis in the equipment was $45,000. Bob contributed $60,000 in cash and $60,000 worth of land. Bob's adjusted basis in the land was $20,000. On 3/15/X4, Soxy Socks sells the land Bob contributed for $68,000. How much gain (loss) related to this transaction will Bob report on his X4 return? Multiple Choice O $8,000. O $12,000. O $44,000. O $52,000. Mc Graw Hill