Described below are several transactions and events for Alana Streaming Services Ltd for the year ended 30 June 2025.

1. Alana Streaming Services Ltd owns a multi story building in the City Business District and it leased two floors of the building to Madhwani Ltd for a period of 3 years, beginning on 1 January 2025. Madhwani Ltd paid \($80\) 000 on 1 January 2025 and is required to pay further instalments of \($85\) 000 in 2026 and \($90\) 000 in 2027.

2. The company received \($240\) 000 on 1 March 2025 from a number of customers who paid their annual movie and television series streaming fee up front to receive a discount.

3. On 31 March 2025, the Alana Streaming Service Ltd sold a piece of land next to its building to Nixon Ltd for \($1\) 000 000. The land originally cost Alana Streaming Service Ltd \($700\) 000.

4. The company has been a generous sponsor of the Clean Up Australia Day campaign in past years. In recognition of its support, an anonymous donor sent the company a cheque for \($20\) 000, with a letter stating, ‘Keep up the good work!’

Required

(a) For each transaction or event, determine the appropriate amount to be recognised as income in the current year. Ignore GST.