Ilmanov Ltd. sold a building to a bank at the beginning of 2011 at a gain of $50,000 and immediately leased the building back for a period of five...

Ilmanov Ltd. sold a building to a bank at the beginning of 2011 at a gain of $50,000 and immediately leased the building back for a period of five years. The lease is accounted for as an operating lease.(a)