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Question 13 (1 point) Ted sells land for $100,000. Ted purchased the land 10 years ago for $60,000. Ted sold the land on a 10 year installment note requiring equal annual payments including interest at 7%. What percentage of each principal payment is treated as gain? Enter the number as a percentage with no decimal places and include the percentage sign (for example, fifty six percent would be entered as 56%). (THE CHAPTER 13(Pt.1) HANDOUT ILLUSTRATES THE COMPUTATION OF INSTALLMENT GAIN NEAR THE END OF THE HANDOUT. NOTE THAT YOU ARE NOT ASKED TO MAKE ANY INTEREST INCOME CALCULATIONS). A/ Question 14 (1 point) June and Henry Martin, a married couple, purchased property jointly for $200,000 ten years before Henry's death. At the time of Henry's death, the property was worth $360,000. What is June's basis in the property after Henry's death? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR