2. Connor sold an apartment building for $600,000. His basis in the building was $360,000 subject to $30,000 of depreciation recapture. Connor received $150,000 in the year of sale, the buyer assumed Connor's mortgage payable of $240,000, and the buyer gave Connor an 8% (the current Federal rate) note of $210,000 due in five years. The interest on the note was payable each June 30 beginning in the year following the year of the sale. Connor incurred $30,000 of selling expenses which he paid for in the year of sale. Compute Connor's installment sales gain that should be reported in the year of sale.