(L03) In Year 1, Noah sells a collector automobile he purchased several years ago with a basis of \(\( \$ \) 65,000\) to a buyer for \(\( \$ \) 100,000\). As part of the purchase price, the buyer agrees to assume a \(\( \$ \) 25,000\) loan on the auto and pay the remaining \(\( \$ \) 75,000\) in 5 equal annual installments, beginning in the year of sale and with adequate interest. Compute the amount of gain that Noah must recognize each year of the 5 -year contract.