12) In 2019, Beth sold equipment used in her business. Her basis in the property was $300,000 ($500,000 cost less$200,000 of depreciation). Beth sold the property for $400,000, with $100,000 due on the date of the sale and $300,000 (plus interest at the Federal rate) due in 2020. Beth's recognized gain from the installment sale in 2019 is: a. $0. b. $50,000. c. $100,000. d. $200,000. e. None of these